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Sonoro Energy Ltd. SNVFF


Primary Symbol: V.SNV

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia, and southeast Europe. The Company holds a 70% working interest in a proven Waseca channel heavy oil resource fairway, which consists of 1,840-acre contiguous oil field located in the Western Canadian Sedimentary Basin, Saskatchewan, Canada. The Company’s subsidiary, Sonoro Energy Canada Ltd. (Sonoro Canada), conducts its operations in the Province of Saskatchewan.


TSXV:SNV - Post by User

Comment by ark88on Dec 29, 2023 2:58pm
109 Views
Post# 35804381

RE:RE:RE:SNV is still alive ?

RE:RE:RE:SNV is still alive ?
politicat wrote: The last 33M shares issues at 0.015 -- lock up expired late Sept.  Stock price collasped close to 50% to 0.12. 
I think it will drop this time as well.  From a trading POV it is something to think about.

Something to think about, but needless to say it ain't going to be anything deep.
By the same logic, there are far money shares in the money than just the 33 million and yet here we are trading fairly steady in the mid to high teens. Clearly the one miss was the delay in starting the farm in agreement which would've had an existential affect.
At the end of the day, that's what investing in stocks is all about, every individuals take on the fair value of the equity.
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