Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Southern Pacific Resources Corp is a Calgary-based, Canadian resource corporation engaged in the development and operation of heavy oil and bitumen producing properties, with a focus on thermal extraction of in-situ oil sands projects in the Western Canadian sedimentary basin. Southern Pacific has two principal assets: STP-McKay and STP-Senlac. The company also holds additional oil sands leases in the McMurray and Peace River sub-basins in northeastern Alberta. The McKay Block consists of crown oil sands leases that cover approximately 59 sections, or 37,760 net acres to the corporation and STP-Senlac thermal heavy oil asset that includes three sections of 100% owned lands and approximately two gross sections of other lands located to the west of Unity, Saskatchewan.
Calgary, AB, T2P 2V7, Canada