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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 FabiusCunctatoron Jan 23, 2024 2:55am
132 Views
Post# 35840241

RE:Sonoro - Top Performing Stock YtoY on the TSXV

RE:Sonoro - Top Performing Stock YtoY on the TSXVYear to date i.e 1/22/2024 is 970% up which is impressive.  The stock is now trading in a horizontal channel indicating the there is balance between buyers and sellers.  There is also a  clear buy signal and 12 cents and a sell at 20 cents.  To break out of this the company news + or - news.  The next weeks will determine which of these it will be.  Much has been said regards MENA but this has not evolved.  The underlying value resides in Canada and near term production and  the drilling of more wells.

Management have performed well and I am willing to wait for new acquisitions.  This is likely to evolve very quickly as they have been working on this now for 8 months, but when will this be finalised or other opportunities sought.  The market would respond favourably to more acquisitions in Canada on the back of the positive Sasketcwan results.

SNV has been the best performing stock on the TSX-V in 2023 -  can it repeat or better thing in 2024?
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