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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 Oct 11, 2023 9:21am
102 Views
Post# 35678421

RE:The Strange SNV Market

RE:The Strange SNV MarketDon't to fooled by the pre-open price. Look to the volume, as always, as the key indicator.
I agree th emarket clearly sees a positive outcome here, whether its the farm-in agreement or another project that could drop at time. Either one can be explosive, hence the markey sitting on their hands, for the moment.
FabiusCunctator wrote: This stock sure has a strange trading pattern.  The published date for the drilling of the earn-in well has passed days ago and drilling seems not to have commenced, yet the stock remains bouyant on low volume.  In the absence of news this suggests that the public float is tight.  I am amazed by the tolerance of this market in a news vacuum especially given the recent wild price fluctuations.

The market is expecting positive news and the - pre-open is strong.  It seems to be expecting news in the very near term.

Given positive news and recent price performance IMHO, SNV could really perform explosviely -  as it has done of recent times.


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