Southern Energy Corp V.SOU

What’s Your Exit Plan for $SOU?

[TradeVanguard27]

Let’s be real: not every play is diamond hands. I’m in $SOU at CAD 0.12, but my plan is to start scaling out if we hit 0.20. Sure, there’s long-term potential, but I’m not marrying this one. What about you guys—what’s your target? Also, keeping tabs on $BOLT; some say it’s poised to jump.

[bjbear]

I am in at a little better cost than you but my best bet is that it could go to 0.15 in the short term if we get enough cold weather across the USA this winter. All nat gas stocks are of course weather dependent. My favourite nat gas stock is Peyto, symbol PEY. on the TSX. It pays a dividend of about 8% and is much less risky than SOU because of its size and the fact that they have locked in gas

[HedgieTdot]

this thing is dead in the water.  we may have a month or so of gas price that theoretically warrants completing whatever they drilled that isn't yet, but frankly that's probably destruction of capital longer term despite sounding good in the short term.   Company is totally culpable here, overspent, borrowed, on wells without proper performance history. Move on from last

[bjbear]

I am holding on as this is tax loss season. This winter will be colder that last years which was one of the mildest on record. Will be a better story once gas clears $3.50 Technically the stock has moved up a bit from below 20 RSI which is somewhat positive. Level 2 buy side quotes below 0.09 are huge with small sell side quotes above 0.09. In another month SOU could be in recovery mode if the