Sonoro Energy Ltd. V.SNV

Alternate Symbol(s): SNVFF

Energy Oil & Gas E&P

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 meters. The Company’s subsidiary, Sonoro Energy Canada Ltd.

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Sonoro Energy Ltd. > Shorts Covering

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Comment by ark88on Apr 22, 2022 10:38am

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Post# 34623583

RE:RE:RE:Shorts Covering

Stocks will POP due to short covering because of unexpected good news. The opposite is true when there is little to no short position. In other words, there is little to no fuel (short covering) to add to the fire (good news).
What the little to no short position may indicate is that the shorters are unwilling to bet against the odd of news, be it good or not.
The optimal situation is a large short position with unexpected excellent news.

RoyMax123 wrote: With those guys it's more likely to POOP than POP

copperplay wrote: just look at the short position now...this stock is ready to POP!