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Bullboard - Stock Discussion Forum Southern Energy Corp V.SOU

Alternate Symbol(s):  SOUTF

Southern Energy Corp. is a Canada-based natural gas exploration and production company. The Company has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. It has three assets in the Mississippi Interior Salt Basin (MISB), which include the Gwinville, Mechanicsburg, and Mount Olive... see more

Bullboard (TSXV:SOU)

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Post by jeffrey8on Apr 22, 2022 12:12pm

Intriguing early move today

Oil down substantially, market down substantially but strangely Southern is spiking on unusually high volume. Maybe good  results are leaking out as they always do. Broad buying across many ...more  
Post by Mickey2on Apr 22, 2022 10:03am

flow testing of our 3 wells...looking at volume

flow testing of our 3 wells...looking at volume and activity right now, it appears we hit some natural gas and plenty of it. Can't wait for the flow results in the next news release.
Post by nozzpackon Apr 22, 2022 8:00am

Gwinville Drilling Will Continue in 2022

Pending successful drilling results from the current three well program, Southern will evaluate the commencement of a continual drilling program in Gwinville through the company's low-risk ...more  
Comment by nozzpackon Apr 22, 2022 7:26am

RE:RE:Not terrible news but not fantastic either

Technicals have little productive value in such a lightly traded stock. The markets have had two down days so a bit of profit taking is to be expected.
Comment by Mickey2on Apr 21, 2022 11:16am

RE:Not terrible news but not fantastic either

if you're a oil/gas guy, then you know that completing 3 wells is not really news...We knew it would be completed sometime in mid April...you and I know damn well its the flow rates that we are ...more  
Comment by RogueWolfon Apr 20, 2022 5:49pm

RE:Not terrible news but not fantastic either

From a technical standpoint it was trading outside its Bollinger bands and overbought at $.75/share, I'm scratching my head a bit about the hedges but I think the new production will be a cash cow ...more  
Post by jeffrey8on Apr 20, 2022 3:31pm

Not terrible news but not fantastic either

If I sold all my shares the price would go to .40. I am unhappy but holding. If news was so fantastic then why is stock down 10%-15% since the news release.
Comment by Mickey2on Apr 20, 2022 1:36pm

RE:Market not liking news

It was fantastic news...all 3 wells drilled now... so we await the flow test results for each well. Will be flow tested right into their processing facility...no flaring required.
Comment by nozzpackon Apr 20, 2022 1:22pm

RE:Market not liking news

Just sell and move on. You add nothing to this board..
Post by jeffrey8on Apr 20, 2022 12:32pm

Market not liking news

Clearly everyone is disappointed with the news release yesterday. The stock will drift lower and only rise if we get a proper update so death by a thousand cuts until a May update. Many oil and gas ...more  
Post by nozzpackon Apr 20, 2022 9:30am

Affirmative Commentary on Southern

Back in the world of financials, investors are still waiting on a handful of companies (one of which is the above-mentioned Leucrotta) to file their results for year-end 2021. The wait finally ended ...more  
Comment by nozzpackon Apr 20, 2022 7:03am

RE:Q4……should do $0.45 per share in cash flows

We still are open to the high prices but protected from the very lows. These three Gwinville wells should double our production resulting in about $0.45 per share over the next 4 quarters, paying off ...more  
Post by jeffrey8on Apr 19, 2022 9:31am

2 strikes for mgmt in first inning

Terrible hedges restricting cash flow and no update on new wells when they said April.
Post by nozzpackon Apr 19, 2022 6:43am

Q4……should do $0.45 per share in cash flows

That's based on Q4/21  cash flows per share annualized . So trading at less than 2 times reasonable expected cash flows assuming no increase in gas prices.. 3 Gwinville wells now undergoing ...more