Bullboard - Stock Discussion Forum 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... see more

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TSXV:SOU - Post Discussion

Southern Energy Corp > Large Volumes Hedged above $9.00 US per MMCF

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Post by nozzpack on Jul 27, 2022 11:35am

Large Volumes Hedged above $9.00 US per MMCF

The company has recently stated that they monitor these premium prices and is prepared to hedge additional basis exposure at these elevated basis premiums. Its a fair bet that substantial volumes at or above $9 per mmcf have now been hedged along with the trading premium of $3.40 per MMCF. This provides for an outstanding Q3 of 2022 which will probably come in at revenues above $20 million CAD and perhaps as high as $30 m CAD. With low operating costs, Q3 should be a magnificent quarter for free cash flows to pay off debt and fund Fall 22 increase in drilling program.

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