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About Paul Henneman
Expertise
Stock forecasting and fair market valuations.

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CBSMarketwatch.com, Hoovers.com, Multexinvestor.com, Bank of NY, numerous hedge funds and institutions, other partners and clients can be viewed at http://www.valuengine.com/about/careers.html

 
   

You are here:  Experts > Business > Finance > Financial Stocks > Capital Stock

Financial Stocks - Capital Stock


Expert: Paul Henneman - 7/26/2008

Question
I am in possession of a stock totaling Four shares from
"Southern Petroleum Corporation" shares are at 100.00 each. This was issued on 08/29/1938 in Pikeville, TN while living in Akron, OH. How do I know if this is any good?

Answer
Chris,

Thank you for your question! I did a quick search, and could not find any references to the company "Southern Petroleum Corporation" in the US. There are some vague references out there to a publicly traded company in Canada by that name, but it sounds like it is not the same company. It may be worth checking out, I simply did a google search for the company name, and found it associated with the ticker symbol CSPLF.

If you would like to know for sure what has happened to the company and if the stock is worth anything, here is a link that lists some services that can help:
http://www.kiplinger.com/features/archives/2008/04/research-stock-certificate-va...

There is always the chance that the company changed names, or was merged/acquired into another firm. The most likely scenario is that the stock is no longer worth anything, but that is never for certain. For less than $90 you can find out for certain, should you choose to spend some money on finding out.

I am sorry that I could not provide a specific answer for you, there appears to be little or no information out there to apply directly. I wish you the best,

Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com  

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