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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 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

Southern Energy Corp > Nice spot to add more
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Comment by bruloilon Sep 26, 2022 3:11pm
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Post# 34987342

RE:RE:RE:RE:Nice spot to add more

RE:RE:RE:RE:Nice spot to add more

Natural gas futures bottomed below the $7/MMBtu mark, a level not seen in two months, pressured by a bigger-than-expected storage build. The latest EIA report showed that US utilities injected 103 billion cubic feet (bcf) of natural gas into underground storage, well above the median estimates of a 93 bcf injection. Prices were already under pressure amid record domestic production levels and forecasts for milder weather through early October. Adding to the bearish outlook were expectations that demand would fall further in October when the Cove Point liquefied natural gas (LNG) plant in Maryland shuts down for maintenance. Natural gas futures were still up around 100% this year as soaring prices in Europe and Asia keep demand for US LNG exports firm. .

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