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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Southern Pacific Resource Corp > Pershing

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Post by ShatnersRug on Jan 09, 2014 10:11am

Pershing

Although I divested myself of a good chunk of STP shares yesterday near the close, I remain optimistic about the SP heading into the quarterly update. ~4 weeks

Yesterday, house Pershing purchased over a quarter of a million dollars worth of shares on the open market. it subsequently pushed the SP up 4 cents up to 24, then closed at 23, showing a decent amount of confidence in the company.

Keep your eyes open for transactions by house 143 to see if the buying continues today. Also look out for 'anonymous' buying shares.

I'll buy back some shares if it dips a couple of cents. Otherwise I'll be quite content with the profit I made and the remaining shares that I have.

Best of luck.

Shat

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