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Southern Pacific Resource Corp T.STP

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.STP.DB | STPJF

Southern Pacific Resource Corp is a oil and gas exploration company engaged in the acquisition and development of heavy oil and bitumen producing properties, with a focus on thermal extraction of in-situ oil sands projects.
Price: $0.185 | Change: +$0.005 | %Change: +2.78%
Volume: 60,732 | Day High/Low: 0.19/0.18 | 52 Week High/Low: 0.81/0.105


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0 stars

RE:RE:ICD history

About McKay July numbers - they might be all over the place since multiple wells on Pad 2 will be going down and then back online. It takes 14 days to cool off  a well and about 10 days to install an...read more
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RE:ICD history

Months ago I researched this in depth. In a nutshell, when installed on wells that are already performing at or near nameplate, ICDs were shown to increase production anywhere from 5 to 20 percent...read more
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ICD history

Is there any history of a company/companies that decided to use ICDs and therefore increased production; and if yes, by how much the production was increased? Thanks, having hard time finding that...read more
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RE:RE:RE:Cut your losses

Chances of them installing an ICD on 2P3  should not be an option. At over 500bbl it doesn't need it. 2P6 and 2p2 would be the next candidates.  I don't  think 2p4 is a consideration at 75bbl. Not...read more
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RE:RE:Cut your losses

The rig is on Pad 2. STP has 4 ICD's to install on Pad 2 (2P1 & 2P5 alreadh have ICD's) After a 14 day shut in It takes roughly 10 days to install an ICD. By mid-september STP should hav e a pretty...read more
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RE:Cut your losses

ar Corporate Break Even. If they get 6 icd's installed by mid sept then we could see a closing of the review in Mid November. Then we would see a nice pop in share price. (fingers crossed)."  And how...read more
5 stars

RE:postions

Canada110 - from your post history it appears you got into STP at 32.5 and it's been a downhill ride since then. I feel for you on that one and it is painful watching half your position vapourize. If...read more
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RE:Cut your losses

The joys of trying to make money on the Toronto Exchanges. I have 26 small cap "venture type" holdings -- some on TSX, some on TSX-V. As of this hour this morning I have 5 that are trading "even". 8...read more
5 stars

Cut your losses

Well thats an option, I cant imagine what would shave off the share value now. My guess is that Senlac and the 444 million of contingent resources (or some of it) not related to mckay will be sold. if...read more
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postions

well i cut half my position last week might be time to cut the rest and end the loss now.. will we evver get something positive out of these guys  rate and reply
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RE:RE:The Sale of Senlac - then what?

Thanks Eye for the excellent post. I wouldn't read too much into the recent cash payment for the debs - even cash strapped companies like Exall Energy made their recent coupon payments with cash...read more
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RE:RE:The Sale of Senlac - then what?

If Senlac would indeed be a part a potential deal, then it's all but certain that they are waiting to see how the latest ICDs perform. On another note, if you aren;t in vested in gold or silver, do...read more
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RE:The Sale of Senlac - then what?

Eye don't think that the sale of Senlac is an option for the company except in the context of a major deal where someone made a major investment into STP that prompted the debt holders to agree to...read more
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You can forget Brion - ATH is taking a bath!

You can forget Brion as a buyer for STP, they won't even pay for what they've already got! Former head of PetroChina’s Canadian subsidiary arrested in China: report CALGARY — Zhiming Li, the...read more
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The Sale of Senlac - then what?

I wonder how the market would take that news were it to become a reality? On the one hand, STP would be swimming in cash and would be able to fund all kinds of new pads and infill wells at McKay. ...read more
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RE:RE:RE:sold

From a value point of view, and risk/reward I don't think there is anything better than this.  It's oil, it's there in large quatities, they have a way to ship it.   This is a bet on a couple of guys...read more
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RE:RE:RE:RE:sold

Fair enough backward.  I haven't been in this stock for too long a time either (longer than I originally intended to tho), which is probably why I'm biased towards not selling because I haven't really...read more
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RE:RE:RE:sold

What Shat said.  That did in fact go through my mind.  And trust me, your argument held and still holds merit.   FYI, as Shat has alluded to in the past,  there seems to be variances in platforms when...read more
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RE:RE:RE:sold

I also think the price will not go much lower then current price (in less, of course, some horrific news come out)... Base on volume, investor with smaller investments are getting out, the ones that...read more
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RE:RE:sold

backwardblade: I'm quite happy with my investment in the debs and on second thought will probably keep them around. While the common SP has cratered the deb SP has only dropped marginally from where...read more