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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 canada110 on Jun 18, 2014 12:42pm

hold or sell

Just don't know anymore.. Been holding for quite sometime now. Average is in low teens now.. don't know if i should just sell and move on. R we ever gonna get any news
Comment by Junit290 on Jun 18, 2014 1:06pm
I'm holding. As we saw with the latest submission to the AER that the 1p5 well didn't increase a lot after it's first bump up but because the well was so unconfirmed it may take a few months to heat up and realize any meaningful increase. You gotta think that steam was only reaching a single steam breakthrough and was channelling out the producer. I don't know the exact length of ...more  
Comment by nikehercules on Jun 18, 2014 1:26pm
At this point it's more about just being patient. STP will increase production one way or another and they have the cash to get to breakeven as JUnit290 mentioned. Hold or sell at 0.30 or 0.40 is another question entirely.  But in the low twenties, given the information we have, for me this is a hold. If your average is in the low teens, you're in the green - what is the hurry? What ...more  
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