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Bullboard - Stock Discussion Forum 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... see more

TSXV:SNV - Post Discussion

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Post by MJB4231 on Jul 02, 2024 9:52am

Snv

Based on SP not looking like markets impressed. I think we expected a "Definitive Agreement". More delays
Comment by Tekeela1 on Jul 02, 2024 10:53am
Yep. Definitely not impressed!  
Comment by Tekeela1 on Jul 02, 2024 11:04am
Well this looks a little more encouraging!  Level 2 Level II Quotes Bid Table # of ordersNumber of orders Total size BidTable showing latest bid details for SNV 1 20000 0.085  ...more  
Comment by ark88 on Jul 02, 2024 6:57pm
Bit of a miss. Definitely would've preferred a definitive agreement, but thank goodness they were aware enough to issue something. Clearly, Menaco is a private entity. The negative to this update is we don't know how solid out position is. It would've been super positive if someone from Menaco stated something. The only positive I see with this update is we seem to have privileged ...more  
Comment by BlackBeard357 on Jul 02, 2024 10:50pm
I think our latest NR is fantastic. We have a footprint in Saskatchewan and another soon in the Middle East. For a $0.10 stock, value is on its way to shareholders. Once they drop the contract in a NR we will no more. But this is definitely a positive long play as long as they keep steering this ship towards being an oil producer. I am very pleased with this forward step.
Comment by BlackBeard357 on Jul 02, 2024 10:59pm
IMO Sonoro currently lacks the capital to pursue monster contracts. My view with this investment is to see Sonoro build a good baseline and financially support its own future pursuits. Seeking partners can be beneficial in the beginning. Having other companies eventually pursue us for partnership down the road is what I want out of this investment. I don't expect anything from my investment ...more  
Comment by MJB4231 on Jul 02, 2024 11:29pm
Devil is in the details of what we actually get in this Mena contract IF It occurs. Time will tell 
Comment by BlackBeard357 on Jul 02, 2024 11:42pm
If MENAco wants a piece of Sonoro or effectively becomes a piece of Sonoro in any capacity is great. Business works differently with eastern cultures. Partnership means a little more over there imo vs here in western nations. Not as dog-eat-dog among the smaller companies and respect is deeper. Just my take on this. "Foot in the door", as some have said. I am very pleased here. I imagine ...more  
Comment by MJB4231 on Jul 02, 2024 11:57pm
Still have residual Indo in my mouth so don't buy the whole business is groovy in other cultures. Gotta get this right and Richard and Dean's own words something here better be "TRANSFORMATIONAL" regarding Mena 
Comment by BlackBeard357 on Jul 03, 2024 12:29am
Becoming a servicing company would meet the definition of transform. Let's just hope it's not that. 
Comment by MJB4231 on Jul 03, 2024 7:41am
I can see it now with David driving in his little service mobile playing ice-cream music checking the gauges on wells and Dean scribing the numbers. There better be more to this story of us being a small but legit oil producing company 
Comment by BlackBeard357 on Jul 03, 2024 10:03am
Might make more $ selling ice cream sandwiches in the desert than what's pumping out of Sask right now. I digress. Let's get some oil!
Comment by ark88 on Jul 03, 2024 12:01pm
A miss is a miss. But the "positive" is instead of silence we have an "update". Is it meaninful? hardly but it is a sign that management is being proactive which is refreshing. We need to see this close soon before we get another list of issues to digest. Glta!
Comment by copperplay on Jul 11, 2024 12:15pm
  Volume today 4000 at $0.095 is $380
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