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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 Dec 29, 2023 2:58pm
122 Views
Post# 35804381

RE:RE:RE:SNV is still alive ?

RE:RE:RE:SNV is still alive ?
politicat wrote: The last 33M shares issues at 0.015 -- lock up expired late Sept.  Stock price collasped close to 50% to 0.12. 
I think it will drop this time as well.  From a trading POV it is something to think about.

Something to think about, but needless to say it ain't going to be anything deep.
By the same logic, there are far money shares in the money than just the 33 million and yet here we are trading fairly steady in the mid to high teens. Clearly the one miss was the delay in starting the farm in agreement which would've had an existential affect.
At the end of the day, that's what investing in stocks is all about, every individuals take on the fair value of the equity.
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