Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP... see more

Add To Watchlist

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Nice movement today

View:

Post by nikehercules on Jan 07, 2014 2:25pm

Nice movement today

I've pulled my sell order at 0.24. Given today's action and Shat's optimism, I'll wait it out.

Who knows, they may actually survive!

333

Comment

Comment by ShatnersRug on Jan 07, 2014 3:02pm

I am only optimistic with respect to the short term. Production will be up and the market will eat it up. Money will be made. After that we'll see.

227

Comment

Comment by nikehercules on Jan 07, 2014 4:34pm

December's number is likely to be sh!t (2176 bbls/day Senlac, 2014 bbls/day McKay). If we're lucky, January will come in at (2000 bbls/day Senlac, 2400 bbls/day McKay). I sure hope Shat's right and the market sees a one time bump in January production favourably and overlooks the $5-$8 million operating loss. That rig sitting in McKay is expensive, and that inflow control device they ...more

305

Comment