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Southern Pacific Resource Corp T.STP

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

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.38/0.005
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0 stars


Given the company was close to break even in the last monitor's report, I think they are trying to get past break even by doing this. I can understand why this is not great news if you are more
0 stars


I don't read the news release as anything but negative. CCAA stay ends June 1st. STP-McKay is being put into hibernation by the end of July. Interested buyers in McKay would need to act before more
0 stars


Interesting... I think a deal is cooking ... This appears to me to be a  non-monitor driven adjustment  like altex A good way to cut costs is to reduce G&A/managerment... don't need more
5 stars


Posted on SEDAR SOUTHERN PACIFIC PLANS TO SUSPEND OPERATIONS AT STP-McKAY CALGARY, Alberta – May 8, 2015 – Southern Pacific Resource Corp. (the “Company” or “Southern Pacific”) is making plans more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

Looks like the concerns of the 2nd lien holders about the process happening to fast as well as some things that can be done to improve the balance sheet are both correct! 1. the altex deal is more
0 stars

RE:Stay Extended to June 1 st.

Wonder if that's a good thing or bad... To me it looks like they weren't getting the money they wanted therefore the extension...maybe they are buying time until the oil goes up again so there is more
0 stars

Stay Extended to June 1 st.  rate and reply
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RE:RE:RE:RE:RE:RE:More drama

The only explanation is the 2nd lien guys have already written off STP and moved on. I woul really hope these guys can read a simple call for proposals. They can't be that stupid,....or can they? more
0 stars

RE:RE:RE:RE:RE:More drama

No prob nike, the other weird thing about the 2nd lien guys is that they barely even accessed the data room, they're the ones who asked for an extension on the SISP to give them more time to review. more
0 stars

RE:RE:RE:RE:More drama

Well well....according to the fourth monitor report it looks like getting rid of Altex has brought STP pretty close to operational breakeven despite the crappy oil prices. I bet they're haggling more
0 stars

Stay Extension to May 29th

Looks like the Stay will be extended toMay 29 if the Court approves. See 4 th Monitors Report below.  rate and reply
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RE:RE:RE:More drama

Well atleast with the Conacher deal the common shareholders get to retain 2% of the company. Who knows maybe the STP commons might be thrown a bone too.  rate and reply
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RE:RE:More drama

problem is the capital structure, form a line behind The bank LOC, Credit Suisse, Second Tier and the trades / creditors.  Debentures will likely get something, but probably fare better in more
0 stars

RE:More drama

I myself don't really care about the debenture holders getting crumbs. All or none as far as I am concerned. My money was as good as theirs -- same color same denominations. Spread the crumbs to more
0 stars

More drama

Looks like the Second Lien noteholders are accusing management once again of giving the first lien holders preferential treatment.  And a request to extend the stay until May 29th has been filed. more
0 stars

RE:RE:April 27 End of Stay

Ain't nobody gonna stop you from dreaming !!! Lol .... Big Zero for common share holders in my opinion...  rate and reply
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RE:April 27 End of Stay

Do you think the lowly shareholders will get anything? Do I dare to dream!  rate and reply
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April 27 End of Stay

We should hear something this week on the asset sale and future of STP and the current stakeholders settlement.  rate and reply
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RE:$2 Shat?

Lol, bring me back to 0.02 and I will be happy !  rate and reply
0 stars

$2 Shat?

Shat, are we still heading back to $2/share?  Should I stick around?  rate and reply