Southern Pacific Resource Corp STPJF

Goota Love it...

[ticket2ride]

Someone might be in deep s#!t right now trying to hold down the share price at .30 putting up the wall with 500k shares.... just what someone else was waiting for to accumulate.

Like magic "POOF !"   gone from in 4 minutes  12:23 to 12:27

Gotta Love IT !

[ShatnersRug]

Seriously. STP production is the worst-kept secret in Calgary right now.

[ticket2ride]

Sorry for the typos ....must have got a little excited !!

[ShatnersRug]

I didn't think that it was a typo. Thought you were Scottish is all.

[ticket2ride]

Can't you just hear it. Analyst turned trader portfolio manager. YOU DID WHAT ? YOU SOLD #@&%*! 500,000 shares at .30  ???  Dembicki YOU STUPID MOTHERr#@%&@  WE SAID BUY !!!! CAN'T YOU GET ANYTHING F@#!$%G RIGHT !!!! WHOSE F@%&!#*G TEAM ARE YOU ON ANYWAYS !!! DIPSH!T

[ShatnersRug]

Actually.... The analyst covering STP for TD ceased coverage. Could it be because he(Dembicki) was fired for gross incompetence? Would not surprise me.

[ticket2ride]

Thats why I gave him the new handle as Trader / Portfolio Manager Action Notes April 22, 2014   Suspending Coverage Due to analyst departure, TD Securities is suspending coverage of the following companies: Ivanhoe Energy (IE-T, $0.60, Not Rated) Southern Pacific Resource Corp. (STP-T, $0.265, Not Rated) Sunshine Oilsands Ltd. (SUO-T, $0.15, Not Rated) Not really sur what

[Risky_Business]

News on the TD Analyst departure. Michael Dembicki, who covered small and mid-cap exploration and production companies at TD Securites, has joined Seven Generations Exploration Ltd. Seven Generations Energy Ltd. - Established in May 2008, Seven Generations is a Calgary-based private energy company focused on developing non-conventional resource plays in Western Canada. The CEO, Pat Carlson

[ticket2ride]

Michael Dembicki, who covered small and mid-cap exploration and production companies at TD Securites, has joined Seven Generations Exploration Ltd. Wonder if they checked his track record : 3/27/2014 TD Securities Boost Price Target Reduce C$0.15 - C$0.20 STP.TO 0.33 current price      

[nikehercules]

It looks like he's leaving the financial world altogether by joining Seven Generations. That name rang a bell, 7G have property in the 64-4-W6 (Kakwa) area from what I remember. Pretty rough territory. Looks like he'll be huffing it in the bush.

[ShatnersRug]

that's what she said.

[nikehercules]

Hilarious! There's no beating around the bush with Shat. To answer an earlier question in regards to breakeven - Production for Q3 was 4,767 bbls/day (McKay and Senlac) for the three months ended September 30th, 2013. The loss during that time was approximately 1.5 million according to Lutes on the conference call. Opex costs should not have changed significantly since then. However, we

[f96jho1]

The heavy oil differentail has decreased a lot in Q1 2014 compared to Q4 2013. STP will probably get additional 15-20 $ / bbl in Q1 compared to Q4 2013. See report for Meg Energy for instance or Historical oil prices on Baytex homepage. STP will probably have Operation Netback around 15 $ / barrel in Q1. Funds from operation is expected to be around 6 milj.

[f96jho1]

Correction. Negative funds of operation of 6 milj should it be.  If the ICD is working as expected Stp is a buy on those levels. 

[nikehercules]

f96jho1: Thanks for the input regarding the natural gas prices. It's greatly appreciated. NH

[nikehercules]

Yup, that nat gas price has gone up. Page 10 of the COS MD&A (released a couple hours ago) indicates their costs have gone up from $2.48 per GJ to $5.43 per GJ

[f96jho1]

nikehercules  OPEX has changed due to higher Natural gas prices since sept 2013. STP has some hedging of GAS contract but OPEX will increase. WCS is lower now compared to Q3 2013 but higher compared to Q4 2013 so breakeven will not be as in Q3 2013.

[wittmann]

Shat,you should know better than that.These screw-up analysts ,after wreaking havoc on the company's they cover,just beam themselves over to the nearest used car lot and start a new career.