Southern Pacific Resource

STP-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about STP-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 24, 2014

They were having significant reservoirs issues. In a very precarious position where there are very few options at their disposal.

They were having significant reservoirs issues. In a very precarious position where there are very few options at their disposal.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$0.285
Owned
No
BUY WEAKNESS
BUY WEAKNESS
September 13, 2013

Rebounded significantly because of a very good update. Very strong team. Went into a heavy oil play, Senlac, to bring on production and were faced with a number of ramp up issues so the stock was severely punished. However, with yesterday’s update, it seems that they are starting to get back on track. Currently have 5 wells that are working so if they can continue to prove up all 12 wells, she believes stock will probably go back to the old range. Still a lot of risk in the story so she would wait for a pullback.

Rebounded significantly because of a very good update. Very strong team. Went into a heavy oil play, Senlac, to bring on production and were faced with a number of ramp up issues so the stock was severely punished. However, with yesterday’s update, it seems that they are starting to get back on track. Currently have 5 wells that are working so if they can continue to prove up all 12 wells, she believes stock will probably go back to the old range. Still a lot of risk in the story so she would wait for a pullback.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$0.550
Owned
No
SELL
SELL
July 23, 2013

This is not the kind of risky situation he would want to be involved in. The Alberta landscape is littered with Junior companies that have made a run at building SAGD plants.

This is not the kind of risky situation he would want to be involved in. The Alberta landscape is littered with Junior companies that have made a run at building SAGD plants.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$0.340
Owned
No
DON'T BUY
DON'T BUY
June 20, 2013

Have been having serious issues with their key SAGD asset. Production has not come anywhere remotely close to where management had guided. Have a lot of debt.

Have been having serious issues with their key SAGD asset. Production has not come anywhere remotely close to where management had guided. Have a lot of debt.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.425
Owned
No
HOLD
HOLD
May 28, 2013

Junior oil sands producer, producing 5000-6000 barrels per day. Had some challenges getting the heavy oil out of the ground. Recently inked a deal with a rail company to ship the oil down to the markets.

Junior oil sands producer, producing 5000-6000 barrels per day. Had some challenges getting the heavy oil out of the ground. Recently inked a deal with a rail company to ship the oil down to the markets.

Michael Giordano
VP Investments & Portfolio Manager,
Price
$0.510
Owned
No
SELL
SELL
May 21, 2013

(Market Call Minute)

(Market Call Minute)

Mason Granger
Portfolio Manager, Sentry Investments
Price
$0.510
Owned
Unknown
WAIT
WAIT
March 28, 2013

52 week low. He has been in and out of this stock. They had difficulties getting ramped up according to plan. Layers onto the differential problem. Missed expectations. Was built quite well, on time and on budget. He’d rather wait on the sidelines.

52 week low. He has been in and out of this stock. They had difficulties getting ramped up according to plan. Layers onto the differential problem. Missed expectations. Was built quite well, on time and on budget. He’d rather wait on the sidelines.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$0.800
Owned
No
BUY
BUY
March 4, 2013

(Market Call Minute.) This is great. Thinks it has a lot of growth.

(Market Call Minute.) This is great. Thinks it has a lot of growth.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$0.860
Owned
Unknown
COMMENT
COMMENT
January 9, 2013

Heavy oil bitumen producer and doesn’t have an upgrader or refinery. One of the 1st companies to arrange a rail deal to ship bitumen down to the Gulf Coast to increase their net backs. That wouldn’t matter if their production base was higher. Currently in the ramp-up phase for their McKay projects, which seems to be going as planned but you really don’t know 6-9 months out from when you start steaming your wells to know if the amount of steam you are getting is exactly going according to plan. Still in a moment of execution risk along with commodity risks. Just sold the last of his stocks.

Heavy oil bitumen producer and doesn’t have an upgrader or refinery. One of the 1st companies to arrange a rail deal to ship bitumen down to the Gulf Coast to increase their net backs. That wouldn’t matter if their production base was higher. Currently in the ramp-up phase for their McKay projects, which seems to be going as planned but you really don’t know 6-9 months out from when you start steaming your wells to know if the amount of steam you are getting is exactly going according to plan. Still in a moment of execution risk along with commodity risks. Just sold the last of his stocks.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.250
Owned
No
BUY
BUY
November 14, 2012

Junior oil sands play in western Canada. Riskier but a great balance sheet. It is cheap, but so is every other oil. You could buy something more senior and take the risk out of it but you will get more reward with this one.

Junior oil sands play in western Canada. Riskier but a great balance sheet. It is cheap, but so is every other oil. You could buy something more senior and take the risk out of it but you will get more reward with this one.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$1.260
Owned
Unknown
BUY
BUY
November 12, 2012

Inked a rail deal to send oil to gulf coast to get Brent pricing. Canada has gone from shipping 5k barrels per day to the US to $100k barrels per day and most people don’t know that. You could see a good ramp into yearend.

Inked a rail deal to send oil to gulf coast to get Brent pricing. Canada has gone from shipping 5k barrels per day to the US to $100k barrels per day and most people don’t know that. You could see a good ramp into yearend.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.300
Owned
Yes
COMMENT
COMMENT
September 19, 2012

Oil Sands producer. Have 2 projects, one of which is a SAGD project and started steaming 2 months ago and he is looking for a response sometime late October to November. Value of their producing assets is around $2 per share but people are probably holding back because there has not been a production data point out of the SAGD project yet. If you are bullish on crude oil and the oil Sands, this is a very good one. On his Buy list.

Oil Sands producer. Have 2 projects, one of which is a SAGD project and started steaming 2 months ago and he is looking for a response sometime late October to November. Value of their producing assets is around $2 per share but people are probably holding back because there has not been a production data point out of the SAGD project yet. If you are bullish on crude oil and the oil Sands, this is a very good one. On his Buy list.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.440
Owned
No
COMMENT
COMMENT
September 18, 2012

(Owns their convertible debentures.) Some pretty good strategic potential as a takeout at some point down the road. Have substantially completed the McKay project and did it on time and pretty close to budget. Well-positioned for growth and cash flow over the next year or two as they wrap up that construction project. There is a little bit of risk if oil pulled back to $70 or so for a company like this.

(Owns their convertible debentures.) Some pretty good strategic potential as a takeout at some point down the road. Have substantially completed the McKay project and did it on time and pretty close to budget. Well-positioned for growth and cash flow over the next year or two as they wrap up that construction project. There is a little bit of risk if oil pulled back to $70 or so for a company like this.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$1.460
Owned
Yes
COMMENT
COMMENT
July 16, 2012
(Market Call Minute.) Stock has been pounded only because it is a small cap company and people are fearful of their ability to fund their present ongoing project. It is going well. Has over a $2 price target.
(Market Call Minute.) Stock has been pounded only because it is a small cap company and people are fearful of their ability to fund their present ongoing project. It is going well. Has over a $2 price target.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.260
Owned
Unknown
TOP PICK
TOP PICK
May 2, 2012
Unique story. A junior oil sands play with a producing asset and a near term project that is going to be in production. Producing about 5,000 barrels a day and thinks they can double production this year. Could be well north of $2.
Unique story. A junior oil sands play with a producing asset and a near term project that is going to be in production. Producing about 5,000 barrels a day and thinks they can double production this year. Could be well north of $2.
Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$1.700
Owned
Yes
COMMENT
COMMENT
August 16, 2011
Has fallen because of the price of oil. Debt is high but is manageable. Proven plus probable reserve value is $3 at $100 long-term oil. Next project is steam assisted. Very cheap stock but is waiting until it is a no-brainer.
Has fallen because of the price of oil. Debt is high but is manageable. Proven plus probable reserve value is $3 at $100 long-term oil. Next project is steam assisted. Very cheap stock but is waiting until it is a no-brainer.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.430
Owned
No
BUY
BUY
April 13, 2011
Oil sands company. If you believe in $100 oil, the NAV is about $3 on their proven plus probable giving you about 600 million barrels of contingent resource which are much higher risk. $3 gives you a little less than a double. Debt is a little high but is fully funded and could be a takeout.
Oil sands company. If you believe in $100 oil, the NAV is about $3 on their proven plus probable giving you about 600 million barrels of contingent resource which are much higher risk. $3 gives you a little less than a double. Debt is a little high but is fully funded and could be a takeout.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.750
Owned
Yes
BUY
BUY
January 24, 2011
One of a handful of successful oil sand companies on the cusp of really ramping up. Have a small project of 4-5 thousand BOE’s a day with a plan to go to 40,000 in the next 4 years.
One of a handful of successful oil sand companies on the cusp of really ramping up. Have a small project of 4-5 thousand BOE’s a day with a plan to go to 40,000 in the next 4 years.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$1.720
Owned
No
DON'T BUY
DON'T BUY
December 7, 2010
Oil sands Senlac project looks good but the McKay project is really their big one but the problem is how to fund it, which they are trying to do with a debt issue. Will be about 2 years before production.
Oil sands Senlac project looks good but the McKay project is really their big one but the problem is how to fund it, which they are trying to do with a debt issue. Will be about 2 years before production.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$1.680
Owned
No
BUY
BUY
December 6, 2010
Once they bring their heavy oil project (McKay) into production, it’ll get revalued.
Once they bring their heavy oil project (McKay) into production, it’ll get revalued.
David Taylor, MBA, CFA
Vice President & Portfolio Manager, Goodman & Company, Investment Counsel
Price
$1.700
Owned
Yes
HOLD
HOLD
November 24, 2010
Could be a takeover candidate in the next 12-24 months. Could be eventful as they go through their permitting and financing in the next few months and think this could be positive.
Could be a takeover candidate in the next 12-24 months. Could be eventful as they go through their permitting and financing in the next few months and think this could be positive.
Lesley Marks
Vice President & Portfolio Manager, Jones Heward Investment Counsel
Price
$1.480
Owned
Yes
DON'T BUY
DON'T BUY
November 15, 2010
Shorted this but exited his position. Has been building their oil sands business piece by piece and doing a good job. Highly levered to oil prices, so if oil comes down they could be in trouble.
Shorted this but exited his position. Has been building their oil sands business piece by piece and doing a good job. Highly levered to oil prices, so if oil comes down they could be in trouble.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.360
Owned
No
SELL
SELL
October 7, 2010
Not been a fan of junior oil sands plays because it is such a scale business but this one has emerged as one of the better companies. However he is not a fan of oil at these prices. (He is Short the stock.)
Not been a fan of junior oil sands plays because it is such a scale business but this one has emerged as one of the better companies. However he is not a fan of oil at these prices. (He is Short the stock.)
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.200
Owned
Yes
HOLD
HOLD
September 30, 2010
Acquiring existing oil sands property and when they can bring it online and on budget, there is a lot more upside, possibly 50% more.
Acquiring existing oil sands property and when they can bring it online and on budget, there is a lot more upside, possibly 50% more.
Jim Huang
President, T.I.P. Wealth Management
Price
$1.230
Owned
Unknown
BUY
BUY
July 27, 2010
Heavy oil in Alberta. Have cash flow and are quire reasonably valued. Production has potential to ramp up significantly over the next 2 to 3 years.
Heavy oil in Alberta. Have cash flow and are quire reasonably valued. Production has potential to ramp up significantly over the next 2 to 3 years.
Andrew Cook
, Andrew Cook and Associates
Price
$1.020
Owned
No
STRONG BUY
STRONG BUY
April 13, 2010
Beautifully well run. Oil sands. Need to raise money but doing it at a good time.
Beautifully well run. Oil sands. Need to raise money but doing it at a good time.
David Taylor, MBA, CFA
Vice President & Portfolio Manager, Goodman & Company, Investment Counsel
Price
$1.300
Owned
Yes
COMMENT
COMMENT
April 5, 2010
Biggest IPO in many years in the oil sands will be happening Wednesday with the Athabascan oil sands. A lot of the other ancillary oil sands companies have been running up on this and this is one of them.
Biggest IPO in many years in the oil sands will be happening Wednesday with the Athabascan oil sands. A lot of the other ancillary oil sands companies have been running up on this and this is one of them.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$1.440
Owned
No
HOLD
HOLD
March 29, 2010
In the junior oil sands space, it comes down to Connacher (CLL-T) with this one probably becoming the next junior emerging oil sands player. Recently saw an article on India trying to purchase something in the oil sands, such as 10,000 BOE’s a day with a billion-market cap sort of price. This fits Connacher.
In the junior oil sands space, it comes down to Connacher (CLL-T) with this one probably becoming the next junior emerging oil sands player. Recently saw an article on India trying to purchase something in the oil sands, such as 10,000 BOE’s a day with a billion-market cap sort of price. This fits Connacher.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$1.170
Owned
Unknown
HOLD
HOLD
June 1, 2009
Oil sands. Putting together their permit application and when that gets approved, about 1 year, there should be a revaluation of the stock. That's when these things are acquired.
Oil sands. Putting together their permit application and when that gets approved, about 1 year, there should be a revaluation of the stock. That's when these things are acquired.
Jennifer Stevenson
Executive Vice President, Qwest Investment Fund Management Corp.
Price
$0.530
Owned
Unknown
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