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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 > AGM Date Change to Nov.20th
View:
Post by birdie22 on Sep 19, 2014 9:08am

AGM Date Change to Nov.20th

Re: Southern Pacific Resource Corp. (the “Issuer”)
We are pleased to advise you of the details of the upcoming meeting of the shareholders of the Issuer:
CUSIP / ISIN: 84359Y106 / CA84359Y1060
Meeting Type: Annuall Meeting 
Meeting Date: November 20th, 2014
Record Date of Notice: October 3rd, 2014 
Record Date of Voting: October 3rd, 2014
Beneficial Ownership Determination Date: October 3rd, 2014 
Class of Securities Entitled to Receive Notice: Common
Class of Securities Entitled to Vote: Common
Meeting Location: Calgary, Alberta
Notice and Access – Registered Holders: No
Stratification: No
Stratification Type: N/A
Notice and Access – Beneficial Holders: No
Stratification: No
Stratification Type: N/A
Issuer Sending Material Directly To NOBOs: No
Issuer Paying to Send Material to OBOs: No
We are filing this information in compliance with the Canadian Securities Administrators' National 
Instrument 54 - 101 regarding Shareholder Communication, in our capacity as the agent for the Issue
Comment by birdie22 on Sep 20, 2014 1:53pm
Changed Again to Nov. 19 th. We are pleased to advise you of the details of the upcoming meeting of the shareholders of the Issuer: CUSIP / ISIN: 84359Y106 / CA84359Y1060 Meeting Type: Annuall Meeting  Meeting Date: November 19th, 2014  Record Date of Notice: October 3rd, 2014  Record Date of Voting: October 3rd, 2014 Beneficial Ownership Determination Date: October ...more  
Comment by llennn on Sep 20, 2014 3:45pm
IT Looks to me we are playing a card game 12 well stud, This sounds like a perfect date to have AGM, The 2P5 well pair was shut-in for 14 days to cool off and complete the work over; it was placed back on production on June 10. then four months after for run up should be required, first the horizontal producer length is segmented with isolation packers. This seems to be an issue of how far along ...more  
Comment by oilcansam on Sep 21, 2014 10:03am
The bottom line is " they need financing". Only way to get this is " show me the oil". So if they can increase production and show the money man they can actually make oil. They don't need to be at break even , just show a nice increase for the bankers to believe in them. Bankrupt for a producing oil company is not in the cards. Someone will take advantage of their ...more  
Comment by demarko on Sep 21, 2014 7:55pm
It it looks like a great deal still at five cents. We should take advantage of this!!! Even a lowball buyout would at least give us .15-45c
Comment by llennn on Sep 22, 2014 5:05am
The debentures are wild as the conversion price is only 2.15 making it similar to a call option with a low differential gearing unit and a higher yield gearing ratio with appreciation gearing ratios which seem to have attached some exponentials from the shifting this is particular the case with the AGM being Nov 20th, there are a lot of moving parts in more ways then one with these DB's
Comment by edmbonds on Sep 22, 2014 10:09am
What?  What a bunch of random nonsense. If you're saying that you like the debentures, I agree ... as a bond.  The shares are not going to $2.15 no matter how many imaginary gearing ratios you try to attach.  There is no option value there. The questions are ... will they ever get to par?  When?  When might they be repriced to something much higher that $10?   ...more  
Comment by ShatnersRug on Sep 22, 2014 10:25am
LOL! I was waiting for Old Man Wittmann to chime in on that one. Though I'm glad that you mentioned something about that drivel, eddie.
Comment by wdr2 on Sep 22, 2014 9:36am
i WOULDN'T BE SO SURE OF THAT. WDR2
Comment by Park1 on Sep 23, 2014 11:59am
When should the AGM Proxy show up on SEDAR??. How much longer will the Exchange let them trade under the T symbol at this value.   Maybe a R/S is coming???. If a 20 to 1, would make the DB worth over $200.00. Then usually it goes back to where it came from??.     When you go onto TMX, it still has the          ...more  
Comment by Pandora on Sep 23, 2014 12:51pm
Can't change history ... regardless of where we sit today that was 2010 ... a distant memory!
Comment by bambus on Sep 23, 2014 12:58pm
https://www.theglobeandmail.com/globe-investor/investment-ideas/southern-pacific-is-a-great-tax-loss-sale-candidate/article20706869/
Comment by demarko on Sep 23, 2014 1:06pm
well someone at RBC is gobbling up shares
Comment by TedRiot on Sep 23, 2014 2:06pm
Are you referring to the debenture?  going to $200 value?