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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

Southern Pacific Resource Corp > When Does this go to zero?
View:
Post by MustangMatt on Jul 11, 2014 4:30pm

When Does this go to zero?

Lame!
Comment by nikehercules on Jul 11, 2014 5:04pm
Altacorp wants out. Their analysts think STP is dead. STP.DB is holding steady and is up today. If Atlacorp continues to dump I might try a little arbitrage. I'd be happy if I can get $45 for my debs and hopefully snipe some shares at 0.15 or 0.16. I don't see any reason to sell now given the ICD installations underway. If Altacorp continues to dump and panics a few ...more  
Comment by hudson1234 on Jul 11, 2014 8:40pm
This is weird timing for Altacorp to be dumping .... Do they know something we don't?
Comment by monzie on Jul 11, 2014 9:00pm
Not really weird timing seeing as they've been dumping on and off for the past few months
Comment by Junit290 on Jul 11, 2014 11:27pm
I guess Eye and NH have a point, that the numbers are technically increasing, be it slowly but it's still relatively in it's infancy the ICD's. I'm assuming that the original timeline of 12-18 months of steady increases before each well got to it's peak. I was hoping for large incremental jumps like the ones that happened right away after installation but that jump is most ...more  
Comment by PeakOilBoy on Jul 13, 2014 12:33am
My friends in Toronto say altar analyst. Went to Raymond James a year ago.  There is no altar stp analyst.  They are just being a broker. Alta
Comment by nikehercules on Jul 13, 2014 1:22am
The altacorp opinion didn't come from an analyst - just a two liner from a managing director.