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Microcap Report: Southern Pacific (T.STP) LX Ventures (V.LXV) active

Stockhouse Editorial
0 Comments| May 8, 2014

Southern Pacific Resources Corp. (TSX: T.STP, Stock Forum) fell 17.3% to 21.5 cents in active trading Thursday after the company released its financial and operational results for the quarter ended March 31, 2014.

Total company production, which includes bitumen production from STP-McKay Phase 1 northwest of Ft. McMurray, Alta., and heavy oil from STP-Senlac in northwestern Saskatchewan, averaged 4,071 barrels per day (barrels per day) for the quarter, the company said in a press release.

Southern Pacific Resources is engaged in the exploration, development and production of in-situ oil sands in Alberta’s Athabasca region, and the thermal production of heavy oil in Senlac, Saskatchewan.

LX Ventures Inc. (TSX: V.LXV, Stock Forum) eased down 12.50% to 14 cents. LX Ventures said its portfolio company Media Inc. powered a highly successful video contest for the CHU Sainte-Justine Foundation.

The contest was designed to raise awareness and funds to support research and promote healthcare excellence at Sainte-Justine, Canada’s largest mother-child university hospital centre, LX Ventures said in a press release. Sainte-Justine is located in Montreal.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
PanTerra Resource Corp. (V.PRC, Stock Forum) 33.33%
Raise Production Inc. (V.RPC, Stock Forum) 11.94%
Taipan Resources Inc. (V.TPN, Stock Forum) 11.11%
Questor Technology Inc. (V.QST, Stock Forum) 6.29%
Pretium Resources Inc. (T.PVG, Stock Forum) 4.23%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Niocorp Developments Ltd. (V.NB, Stock Forum) -26.23%
Fission 3.0 Corp. (V.FUU, Stock Forum) -20.00%
Southern Pacific Resource Corp. (T.STP, Stock Forum) -17.31%
NeuLion, Inc. (T.NLN, Stock Forum) -15.04%
LX Ventures Inc. (V.LXV, Stock Forum) -12.50%

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