Byron Capital Markets Initiates Southern Pacific at "Buy" with C$2.50 Target Price

Byron Capital Markets Initiates Southern Pacific at "Buy" with C$2.50 Target Price

TORONTO, ONTARIO, Jan 14, 2010 (MARKETWIRE via COMTEX News Network) --
Byron Capital Markets, a division of Byron Securities Limited, is pleased to announce that it has initiated coverage today on Southern Pacific Resource Corp (TSX VENTURE: STP) with a Buy rating and a target price of $2.50.

In this 19-page research report, energy analyst Guy Gordon gives a comprehensive overview of this junior Athabasca Oil Sands company, and speaks of their move to being a producing energy player with the acquisition of Senlac Oil in Q4, 2009.

This report further exemplifies Byron Capital Markets´ continuing commitment to research and, in particular, its ongoing efforts in the energy space.

Contacts: Byron Capital Markets Robert J.B. Orviss, CFA 647-426-1668 647-426-1669 (FAX) rorviss@byroncapitalmarkets.com
SOURCE: Byron Capital Markets
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