Bullboard - Stock Discussion Forum Sonoro Energy Ltd. SNVFF

Primary Symbol: V.SNV

Energy Oil & Gas E&P

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... see more

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Share Count Up

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Post by ark88 on Jan 24, 2024 8:16am

Share Count Up

by 2.5 million. More money in the treasury which is great.
The overhang is clearly attracting the shorts but the selling seems very controlled, for now.

Good volume is everything, to churn thru the warrant related selling. The warrant price seems to be holding up well which is very positive.

Just need news. GLTA!

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Comment by ark88 on Jan 24, 2024 9:19am

It's also important to note that these are not passive warrant holders. It's not advantageous for the warrant holders to be exercising at these low levels. Far more common and advantageous to be holding to when it's far in the money to consider selling. Clearly, they're doing it to support the company. p.s. there's a remote possibility of course that it's in the ...more

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