Southern Pacific Resource Corp STPJF

Time to add more?

[alfino]

As a long term holder of STP I have always bought more shares on dips, and .23.25 doesn't look too bad. However, lets be honest, not much has changed since the news came out in the beginning of this year, i am just afraid we will dip even lower to .15 area we were at back in Feb -March. Any opinions on what might help the price stay at these levels till the next news comes out? too me the only reason price is at this level is because of the low volume, higher volume will give us a better idea on where it is heading..

[mackglenyahoo]

This post has been removed in accordance with Community Policy

[CatCatCat]

calm before the storm...withholding costs is a sure sign things are in the works. Should be announced soon.

[nikehercules]

Canaccord has been buying into the weakness lately. These guys do know STP quite well, so this may be a good sign. I also reviewed STP's latest releases with my investment banking contacts and they also think STP is for sale. A deal will probably happen over the summer given that Senlac capex is shut down. The opportunity cost of having 2000bbls/day of reliable heavy oil would lend some

[alfino]

Thanks, at around 10%, we will see how next week plays out.

[freedom45]

correct me if I am wrong......Senlac upgrade is 4000bbl/day and the worse day at McKay is 2000 bbl/day or cash flow positive 6000 bbl/day. do u really believe there is worry at stp these days ? there r driver seats then there is-Lamborghini-Veneno

[Duxing]

there is a cost for upgrading. It is not free. By putting more capital into a project, the breakeven point moves higher. Same thing for Mackay, 10m spent on ICD will somewhat increase breakeven point as we'll.

[freedom45]

yes u r correct which is why I used 6000 not 5000 ......so at .23 and 36000+ bbl/ day in 4 years do u think $6 that is a fair return in 4 yrs ? the subject is "time to add more" ...those that bought at $1.35 will still be satisfied but hopefully they r averaging down now/.....just sayin over and over why sell,.......the tough work is behind us.......get rid of the rear view mirror as all

[canada110]

i like your way of thinking and that's where i'm at.. waited this long keep on waiting