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 > short squeeze?

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Post by pleazu69 on Feb 11, 2014 2:44pm

short squeeze?

shorts are getting squezzed out
4million reported Jan 31
my guess is allot of this volume are the shorts trying to cover there position at this range

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Comment by monzie on Feb 11, 2014 2:50pm

And they're in with the MM's on this one. Over 1.7 million shares were bought on the ask at 0.16 cents yet the ask price never moved up and the ask size at the time was sitting at less than 100k. Oh well nothing retail investors can do about that, we're approaching 3 o'oclock hopefully the dumping pattern over the last few trading days is gone now.

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Southern Pacific Resource Corp