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

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GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Nice movement today

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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!

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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.

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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

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