Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 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

Post by jermiah777on Jun 28, 2022 12:28am
185 Views
Post# 34786388

Smart money

Smart moneyThe people that put up almost 40 million at 87 cents with no warrants must have done their due diligence. They were aware of LNG prices being in the 6 dollar range. They know the potential of what Southern Energy has. Clearly their is some risk so they were not going to agree at market prices which were much higher. But they are happy with 87 cents. So this obviously was the main reason share price went down. Not the LNG price. If LNG was still over 9 dollars, it would be hopeless for Southern Energy to acquire a good deal with their 40 million. All potential acquisitions would be demanding an exorbitant price you would think. But hopefully we can have enough of a dip in price that allows a great deal to develop.
<< Previous
Bullboard Posts
Next >>