Southern Energy Corp V.SOU

Alternate Symbol(s): SOUTF

Energy

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 East fields. It operates and owns a working interest in over 12,000 held by the production acres of land in the Gwinville field. It operates and owns a working interest in approximately 12,450 held by the production acres of land in the Gwinville field. The Company operates and owns a working interest in over 3,400 held by production acres of land in the Mechanicsburg field. It owns and operates production from a number of other fields in the MISB within 40 miles of Gwinville, including Greens Creek and Williamsburg South gas fields, along with minor oil production from the Magee field.

TSXV:SOU - Post by User

Southern Energy Corp > Not terrible news but not fantastic either

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Comment by RogueWolfon Apr 20, 2022 5:49pm

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Post# 34618229

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 all the same at these prices. It's still a good stock, the markets just digesting the news release but there are wins in it nonetheless

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