Southern Pacific Resource Corp STPJF

Bearer of good news?

[ShatnersRug]

Perhaps the worst is over..... for the moment. It looks as though the panic selling from the June numbers is done.

T:STP Depth by Price @10:49:07

Bid				Ask
Orders	Size	Price		Price	Size	Orders
18	25,000	0.15		0.155	17,500	6
33	126,000	0.145		0.16	60,500	24
29	211,750	0.14		0.165	20,000	19
18	59,000	0.135		0.17	76,000	13
21	311,400	0.13		0.175	91,500	15

[ShatnersRug]

Not my intention to mislead... T:STP Depth by Price @11:05:51 Bid Ask Orders Size Price Price Size Orders 20 46,000 0.15 0.155 295,000 27 33 122,500 0.145 0.16 75,000 22 26

[stockwrestler]

accumulation technique...having the big sell order at 15.5? if you take a good run at it, it would likely vanish quickly. glta

[himmler]

Although your post is a few days old Shat it does show us how fast our sentiment can change on this company ,even day to day.Especially with zero encouraging news.It stands to reason though to be pessimistic.I suppose we could ask ourselves this....If we were a new investor in say the oilpatch,and had bit of a gamblers blood...would you buy STP now?Knowing what you do?..if the answer is yes,well

[Joelzinho]

Bankruptcy isn't that far off. They are burning through their lien of credit, the review has been on going. I feel like the longer things persist in this manner, the worse position that the company will find itself in.

[demarko]

What is the burn rate? This will determine if going bust is in the cards

[petropig]

The burn rate is irrelevant. The ICDs are not working hence the share price dropping as fast as Mckay's rate of production. If the numbers were anywhere close to positive IR would have released a news release stating such. Unfortunately we'll more than likely be at 10 cents by the end of the week.

[Joelzinho]

Yikes. Don't scare me like that. BTW, your guessin the ICD's aren't working.

[monzie]

Ofcourse he's guessing. Like himmler and someone else said a few days ago, everyone on here is guessing because no one knows anything for sure. IR says the ICD's are working as planned and there are/were no hiccups at any of the wells. So legally they would not be able to comment on it if it were not true. People are panicking, creating new found fears, or just bored of sitting on this