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Bullboard - Stock Discussion Forum Southern Energy Corp V.SOU

Alternate Symbol(s):  SOUTF

Southern Energy Corp. is a Canada-based natural gas exploration and production company. The Company has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. It has three assets in the Mississippi Interior Salt Basin (MISB), which include the Gwinville, Mechanicsburg, and Mount Olive... see more

TSXV:SOU - Post Discussion

Southern Energy Corp > Not terrible news but not fantastic either
View:
Post by jeffrey8 on Apr 20, 2022 3:31pm

Not terrible news but not fantastic either

If I sold all my shares the price would go to .40. I am unhappy but holding. If news was so fantastic then why is stock down 10%-15% since the news release.
Comment by RogueWolf on Apr 20, 2022 5:49pm
From a technical standpoint it was trading outside its Bollinger bands and overbought at $.75/share, I'm scratching my head a bit about the hedges but I think the new production will be a cash cow all the same at these prices. It's still a good stock, the markets just digesting the news release but there are wins in it nonetheless
Comment by nozzpack on Apr 22, 2022 7:26am
Technicals have little productive value in such a lightly traded stock. The markets have had two down days so a bit of profit taking is to be expected.
Comment by Mickey2 on Apr 21, 2022 11:16am
if you're a oil/gas guy, then you know that completing 3 wells is not really news...We knew it would be completed sometime in mid April...you and I know damn well its the flow rates that we are waiting for.  
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