Sonoro Energy Ltd. V.SNV

New to StockHouse, not to Sonoro

[BlackBeard357]

My position aside,

The company has failed shareholders for the past two months following drilling of the 1st well. This 2nd well is online finally with a mega sale mysteriously occurring shortly after drill completion and no news for over a month. Low and behold, the well encountered problems and more recently the news states that its output is tiny. 

Negativity out of the way.

This is the start. We have oil! Money talks, bullshit walks. The company needs to keep on top of news output so people have a reason to fuel the stock price and maintain this as a new and hopefully shortlived bottom line. Even if the progress news can be seen as negative. Transparency has to be part of the business relationship if true success is the goal. Let the stock swing. Don't let the people who phone in for pre-release info sell off before we all see what is happening. Keep those lips closed. 

Broader market news! Middle East, Europe, BC offshore, Texas... Closed for business. Alberta, Saskatchewan, TMX pipeline! Open for MFing business! Fill that pipe Sonoro!

Lets get this!

[StratCap]

Well said! And welcome to the channel! GLTA

[copperplay]

Failed longer than two months.  Go read the press from June 2023 and timeline given for drilling 

[BlackBeard357]

If you measure like a woman, it doesn't start at the pelvis. Everything before production is useless information and speculative or good for an estimation at best. Focus on the now. Most companies can't even get this far and we have only just begun. The Canadian market hasn't even started it upward trend as the news I am reading daily is only a hint towards what is coming. That TMX

[ark88]

I agree. Things are taking longer than "expected". This is not good, but its certainly not catastrophic. We are producing oil. Given the context, would it have been better if they issued news 2 weeks ago with 1 tank full OR 2 weeks from now with 3 tanks full? Your guess is as good as mine. I knew nothing about CHOPS but I'm learning everyday. One thing is for sure, the typical CHOPS

[copperplay]

MENA News next week but if the market knows before we do.... Maybe Monday the Chase starts....

[BlackBeard357]

I hope we all got a chance to see the news that came out of UAE this past weekend. Even though our 2nd well needed rework, that desert oil flows much easier. Tar sand vs. corn oil. These tools Sonoro using I feel will have very few problems in the desert. 

[copperplay]

  why doesn't the market believe?  11 cents when we traded at 22 cents in November 

[Fishercat1]

No trust IMO Copper . Dispite new and solid manegment the stink still lingers  from Indo and market in show me mood but hey thats jmo . 

[ark88]

Its not MENA that the market doesn't care about. Its exactly the opposite. Well #2 progress is consistent and typical for the area. This did not move the needle. When its all said and done, we could be looking at least 6-9 months out. In the meantime, the market is anticipating MENA news.

[copperplay]

  anticipating Mena News??? Do you look at the stock ? are these projects not worth $3-400 million?  Market not expected anything soon as far as stock goes 

[BlackBeard357]

Market needs commitment. I certainly don't feel it, yet. MENA feels like a pipe dream. Do we or do we not have the nuts? I want to see if we do. My position is overweight if we do not. 

[ark88]

commitment by whom? Who has or does not have the nuts?

[copperplay]

Agree Blackbeard these guys cannot commit to anything based on last 10 months and Mena pipe dream your assessment becoming more and more a reality  it is a pipe dream 

[BlackBeard357]

I don't have the time to explain the ABCs of poker to you. Put it this way, all of the MENA announcements thus far are not worth anything. It leads people to believe in a fairytale. Commitment to the nuts or no nuts. You can't drive a publicly traded company on fairytales. The board members each hold a stake in shares. Now its time for them to work for their money. We all eat or starve

[Mog7546]

Not enough production  We need to get 3 to 4 wells produce black gold ($$$) Once this technology proves successful, then interest will skyrocket.  Anything else before that, would be great, but not guaranteed.  

[copperplay]

Agree with both of you they have the cash for well 3 what is the hold up ?  By well 4 they could have enough cash raised from sales  right now they are sitting based on updates and news flow 

[BlackBeard357]

We will see with some time. A lot of patience is running out, I get it. Felt a little itchy a few times myself here. 99% of gamblers quit before they win big. Someone here said penny stocks are like throwing money away and its true. Just relax and research the entire market. Ignore opinions like you see here including mine. We will see if Sonoro has the nuts. Hopefully soon but a lot of you