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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

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.


TSXV:SNV - Post by User

Comment by ark88on Jun 23, 2022 12:57pm
161 Views
Post# 34777603

RE:RE:Any ideas why

RE:RE:Any ideas whyWell, the usual reasons for a pull back for a strong run up apply here but I think the most important is the pull back in oil prices. Prices north of 120 and now getting close to 100 in just 2 weeks causes the market to "over-correct" perhaps. Look at the trend in the entire energy sector and of course everything micro gets over-amplified. Oil breaking 100 could have a huge effect though.
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