Southern Pacific Resource Corp STPJF

is patience an option though??

[rad10]

https://www2.canada.com/calgaryherald/news/business/story.html?id=36a5d90a-7823-4e59-8e5c-2ff560941f23

comments????

[ShatnersRug]

Nothing new in this article. In fact, the news is weeks old. Regurgitated at this point in time for obvious reasons. No mention of ICD success and resulting increase in production, improved oil price, or weakened dollar.

[ShatnersRug]

Further to that, I find it interesting that the article was released today, after a 27% price increase on Friday along with probable short-covering. Do the math.

[Pandora]

Cecile Gutscher And Jeremy Van Loon, Bloomberg Supposedly these are the guys responsible for writing the article. Are you suggesting that they personally may have some ulterior motive to put it out as is at this particular time or possibly someone higher up in Bloomberg may have given the push or someone else may be pushing Bloomberg to push these writers or ??? Skulduggery at it's best?

[monzie]

All I was saying was that the article's timing is very odd.  The stock suddenly jumps up 27% along with the most volume in 3 months and then the very next day this article comes out rehashing old information that has already been priced into the stock.  Whatever their reasons may be, it's definitely questionable timing.  

[rad10]

Shatner - it is the Calgary Herald and the article is from Saturday.  My understanding was the amendment to the credit facility would see them through this period.    

[ShatnersRug]

I'm not following your train of thought. The article is attempting to focus on the uncertainty associated with STP. Where is the positive spin that you see? It regurgitates news that is weeks old and even goes so far as to mention supply chain woes[resulting from Dakotas oil production], data that has been known and affected the oilsands for over 2 years now. They go out of their way to

[rad10]

Hi Shat - that was what I found troubling.  The article directly contradicts the credit facility amendment that came out a couple of weeks ago, and the conference call.  Thanks for the counterpoints.  I felt Lutes was fairly optimistic on the cc and things were getting better.  (I have loaded up a modest accumulation of debentures on the back of recent news over the last couple

[monzie]

Actually rad the only thing they got right was their numbers from the amended credit facility - the facility was reduced to 85 million of which (as of Dec. 31st) 56.3 million and 2.3 million in letters of credit  were already drawn.  Thus leaving 26.4 million.  That being said, Shat is right - this article is a joke and it's timing is quite suspicious as the only thing that has