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.

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

TSXV:SOU - Post Discussion

Southern Energy Corp > Hurricanes
View:
Post by TheRexmember on Jun 27, 2022 11:31am

Hurricanes

Good question on hurricane season. Not dure what the total effect is. Production would be shut in, but would it be offset by not shipping lng? Not sure what they can store on sight.

nice reminder on the convertibles and warrants Nozz. 


these guys are cashed up.

Comment by CLOUDER on Jun 27, 2022 12:19pm
hey rex,  NAT GAS moving,   maybe it got the sniff of moisture  in the morning.  lol.       nah  man   hurricanes  F up  bigtime  supply.  in this environment    NAT GAS   will take off,  hear  to,      imo.
Comment by CLOUDER on Jun 27, 2022 12:36pm
HURRICANE BONNIE,  1998  was a duzy, the girl named ones are usually the worst,  this disturbance in the gulf now could be named bonnie or the one that is gaining strength off brazil will most likely be it.  MAN for a little company ramping up NAT GAS  production at this time is perfect timing.                      ...more  
Comment by Flush11 on Jun 27, 2022 2:06pm
they keep talking about accretive acquisitions in every update - pretty big assumption on my part but why mention it at every opportunity if it is not in the works. We are trading about the financing on the alternative exchanges. a couple of pennies only but at least it is a very bullish technical sign.
Comment by nozzpack on Jun 27, 2022 2:50pm
They just raised nearly $40 million in cash and added over 2000 boepd to cash flows. They are now in a position  where they are ready to execute on their inorganic growth plans Getting the share price up and the extra 2000 boepd also adds about $12 million CAD to cash flows over the next 3 months or so and probably convert the CD , eliminating $6.5 million in debt.
Comment by Flush11 on Jun 27, 2022 5:54pm
whoops. a few typos. 1. we are trading above the financing price. small number but it is technically bullish. I had an old broker at one point in the past that would be dumping stock like crazy if it traded significantly below the financing price 2. we are now set up to create lots and lots of news flow and/or deal flow. The management structure is in place to handle a much bigger company ...more