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Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

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

GREY:STPJF - Post Discussion

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Post by budworm on Mar 17, 2014 11:20am

Thanks Shat!

Sounds dumb, but when my confidence gets rocked, I read all these posts and try to decipher whats BS and what isn't.  Shat, (and a few others) helped keep me in the game.  What kinda boat were you getting???
Comment by ShatnersRug on Mar 17, 2014 11:34am
Glad I could help out. Though I remember a time when I was extremely bearish on STP. For good reason too. Things looked bleak. Not anymore though. Like I have been mentioning since Feb 10th, the ICDs are a complete game-changer. In fact, they are so successful(2.1 SOR at 900 bbl/d!!!!) that the strategic review may be IRRELEVANT. Time will tell if I am correct in my assumption. We will not get ...more  
Comment by canada110 on Mar 17, 2014 11:55am
what's your avr price on stp
Comment by budworm on Mar 17, 2014 4:14pm
My average price is .65 cents.  I began investing in STP about 3 years ago.  The first batch (an I'm a small player) I paid $1.70.  Being new to self investing, I began looking at STP.  I found myself buying when it dropped to bring my average down.  Not going to lie, panicked hard these last few months but always believed in STP (careful not to fall in love with a ...more  
Comment by JR5 on Mar 17, 2014 4:25pm
Remember the production numbers posted today reflect where production was almost 3 weeks ago. There was no doubt on Friday that current production was above 4200 (they released the press release) . There is still time to install some more ICD's this month and add some additional production numbers for March. Wouldn't be surprised to see some competing bids come out of the woodwork now that ...more  
Comment by tp0052 on Mar 17, 2014 4:38pm
I agree JR5 ... I too speculate that production numbers listed are conservative. I got in on the ramp up last year and ended up buying down to an average cost of $0.42. At the time, I bet long as a 3 year minimum investment. Had a lot of sleepless nights since then, but believe in the company and it's management. Thanks to Shat and others that really help educate us new investors, and at times ...more