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Southern Pacific Resource Corp T.STP

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

Southern Pacific Resources Corp is engaged in the thermal production of heavy oil, thermal production of bitumen and in the exploration for and development of in-situ oil sands.
Price: $0.005 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.38/0.005
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RE:RE:common stock holders

great  rate and reply
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RE:common stock holders

I would assume that for common shareholders with the assets outside of registered accounts (RRSP, RIF, TFSA) that it will be a complete capital loss for tax purposes. For those inside the more
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common stock holders

at the end of the day, we all agree common shares have no chance to get something out of it? I understand everyone else needs to get paid first...but if there is by some miracle a deal or buyer more
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RE:RE:RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

dbinvestor - good point about the monitor. Tenders are due April 2, 2015, and the Stay Period is extended to April 27th. April will be a critical month for STP.  rate and reply
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RE:RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

My post is about getting some of the facts out that are buried in the affidavit/court docs. Seems many people woldl rather read these posts then the source documents :) I wouldnt expect a more
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RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

According to the second monitor report, it didn't sound like fixing Senlac & McKay could be done quickly during the con-call with McDaniel & the subordinated debtholders. The monitor states, " more
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RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

It does seem that the executive are pandering to Credit Suisse.  Attempting to railroad a quick deal etc etc.  I wonder what is going on behind the scenes - time will tell.  rate and reply
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RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

I posted all this last week db with the same link it's quite an accusation against management for sure.  I'm actually surprised the 2nd lien holders weren't able to stop the CCAA from being filed. more
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RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

sorry ... in my disgust at Byron Lutes, executive Management and the Board upon reading this , I forgot to post the link.....  rate and reply
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Affidavit: "...McKay and Senlac ...grossly mismanaged"

This affidavit is a MUST READ! Go to the 2nd to last page and read the letter . To summarize, lawyers for a group of Holders of debt ( stated as "investment advisors that manage funds" who hold more
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RE:RE:RE:RE:Sell of the Company?

Ouch for the 2nd lien holders - obviously I can't get a return call from anyone at STP,  PWC always steer towards the website.  Creditor list is very long as of January the 21st: more
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RE:RE:RE:Sell of the Company?

True enough rad, unfortunately I have a bit of a gambling addiction and can't help betting on the underdogs for the bigger payout.  But I do hedge my bets with some of the debt as well.  What do more
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RE:RE:Sell of the Company?

Farmerman - fact is most of these smallcaps are run for the benefit of their executives rather than the shareholders.  It's why I usually invest in the debt rather than the equity.  rate and reply
5 stars

RE:Sell of the Company?

Anthony has a few shares and he may want to get something I cant imagine anyone will buy they will be contacting the trustee saying they want to bid on the assets. My guess is This benefits LUTESY more
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RE:Sell of the Company?

I think that as common shareholders it is past the time that we can benefit in any way. I believe that any funds raised by a sale of the Company at this point in time will result in all funds going more
5 stars

Sell of the Company?

Its the best interest of the shareholder's for the company to be sold at a fair and deacent price. There are some large player's out there that are also engaged in the SAGD way of extracting more
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RE:RE:Accusation that management ignored re-finance prior to CCAA

A day late and a dollar short as they say. Where the hill was this a year ago ( or was it disguised as looking at alternatives -- all of which were dismissed): CALGARY, ALBERTA--( more
5 stars

In countires like Japan..

CEO F@#@ing up like this is a big shame.. so the shamed CEO usually picks up his good knife (which he probably has been saving for such occasions) and ends the shame. In Canada unfortunately, more
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RE:Accusation that management ignored re-finance prior to CCAA

April 27th is the new Stay date for the CCAA, I believe the SISP date is now April 2-15 as requested by the Company maybe based on the 2nd lien complaints.  rate and reply
4.5 stars

Accusation that management ignored re-finance prior to CCAA

Good  link Monzie . I missed that on the Price Waterhouses monitor page. Reading this has disturbed me enough that I just signed up for stockhouse. I think I will  contact one of the legal more