Southern Pacific Resource Corp STPJF

Sunshine Oil on Key Factors Contributing to SAGD Drilling

[Awarded]

I would like to endorse Duxing's recommendation to view Sunshine Oilsands video presentation on factors that affect SAGD success.  I found it very informative and somewhat scary re the things that could go wrong.

The presentation is long -- about 50 minutes -- but well worth the effort if you want a better understanding of what could happen.. Drilling and tapping the bitumen involves precision and many variables.

https://www.sunshineoilsands.com/index.php?page=ex-presentations

On the Sunshine website, go to Investor>Presentations>I Agree>CHOA Slugging it out...

[Duxing]

If we can trust the information in the video, Given the current stock price and sunshine debt level, Sunshine would be a better investment opportunity. The risk is Sunshine has to solve its financial problem. Production wise, Sunshine will likely not have the well problem as STP is experiencing.

[nikehercules]

Junior SAGD companies are going to be a dying breed. From now on I'm only betting on oilsands firms with deep pockets. CNQ and SU are not going to make you rich, but they won't exactly make you poor either. I had a conversation with Alistair Toward over at PI Financial two days ago. Anyone who bought down here might be ok. Anyone over $1.00 is probably not going to be made whole. That

[Eyeinvestor]

Aw shucks. $1 from here is only a 4-bagger! Anyone who cant get made whole with a 4-bagger elicits my sympathy. Eye will be perfectly content with 49 cents. That way we double our money from here and the Rug keeps his trousers on! Seriously, The stock was at 12 cents recently. Even when it was clear that the banks were going to support a recap, we could still invest at 16 cents. When the first

[nikehercules]

Sageview was busy acquiring shares last year at 0.40 and took the SP as high as 0.56. I estimate their cost per share to be around the 0.50 range. I know this because I bought just before their big purchase at 0.40 and sold into the Sageview wall at 0.50. They bought a huge number of shares in a 2 week period. So far trading has been the only way to survive with STP. Any offer between 0.50 - 0

[freedom45]

I'll wait 18 months for a return to $2 where it was 18 months ago. It dropped due to sagd and money concerns. I no longer see those as concerns. This was a $200M deal in Columbia yesterday. https://www.stockhouse.com/news/newswire/2014/05/13/parex-resources-v-pxt-snaps-up-verano-energy-southern-llanos-block-consolidation

[Park1]

Isn't it only allowed to short a stock if it is going up? Can you still short if you are the one bringing the stock up??

[freedom45]

comidian