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No new information to offer.
Have not written to the company in past month.
Increasing momentum in SP leading up to next batch drill.
TX acquisition becomes a possibility together with MS.
Yes, I think that was BB's second buy . . . would very much like to have a word with him on the three Jefferson-Davis horizons. Remain reasonably confident CottonValley is likely to replicate the multi-stacked recoveries of the Bakken (ND) with gas as the emphasis here. As a geologist he will have understanding on the subject.
Looks like the sp is just following the gyrations of the gas price until news drops
Nice director purchase to kick start what should be a run of positive news in the coming weeks.
A reminder,
https://www.proactiveinvestors.co.uk/companies/news/990772/southern-energy-corp-reports-3-6-million-of-adjusted-funds-flow-from-operations-in-q2-2022-an-increase-of-490-from-the-same-period-in-2021-990772.html
We know how volatile this share is so any whiff of good news will push this to new highs imo
We had about $33m of cash as at 31st July. With the addition of the 3 new wells we should be generating revenues of $5m to $6m monthly on 3700 boepd.
Could be sitting on $40m of cash right now which is more than 50% of our market cap at 50p.
Brokers Auctus have a 270p target and Eight Capital about 200p .
Strong buy imho
brokers note from Eigtht Capital the (23rd August:
hTTps://research.viiicapital.com/Reports/Research/2022/August/SOU082322.pdf
Cheer up everybody we are up in Canada =51.4p gas and oil up very strong tonight gas being helped no doubt by the blowing up of the gas pipe lines
Cove plant Maryland LNG is shutting down for maintenance on top of which a mild beginning for Oct if forecast which is not helping.However i winter is on the way when we can expect the gas price to rise to previous levels I would have thoughtLooking to top up if this drops any further
Great I time to make a couple of pence
https://money.tmx.com/en/quote/SOU
in view of increasing volume improvement could be underway.
MONMS - maybe it's because we don't repeat ourselves ad nauseam trying to talk up a share price which is still plummeting. I don't think you have as much of a handle on what's going on as you think you do and it results in a misleading discourse.
Yes, that was roughly my own calculation.
Yet we are in uncharted waters. I am relying on experiences under harsher conditions during Putney days (in digs, no heating, no handouts) that preceded the Wilson era and Thatcher years. I crossed paths with Maggie as she exited the Bishopscourt ambassador's residence on her way to bully De Klerk into submission. Outcome on both counts has not been good.
Truss/Kwarteng are taking us into uncharted waters. Putin (self-styled tsar) is leading his country to ruin and we all paying a price. Just hope our investment decisions and strategies land on all fours.
H9 - in Canadian Dollar terms the price would have to rise by 18% from today for the investors who took part in the placing to get back to break even !
Meeting on the 5th OCT im sure thay are not happy the way things are going regarding the price of oil price,my bet is the will starting cutting production they already stated they wanted around the $100 mark
Im of the opinion that they cant sell for 4 months because of some news will drop within that period.4 months seems an odd time why not 3 or 6 months Anyway that my theory gla
Always intruiged when ex-shareholders who have previously been silent, start bad-mouthing a company they no longer have a financial interest in.
Strange behaviour, but I suppose in a period when the SP has been adversely impacted by low volume sales it is worth noting their belated commentary.
It is also worth noting that low volume trading suggests the UK placees, who have been free to sell since the placing, dont appear to be in a hurry to do so. Perhaps Babe and Hebridean have not got their message through to them yet.
Manofnomeans Fri 19:48 - Chuffed that you think I may be in a position to short the share price, I doubt my small holding (now sold) had even a blip on the share price.
The share price has another cloud on the horizon and that is the Canadian placing shares that could not be sold for four months & a day (from July 5th 2022) will be traded from November 7th (6th is a Sunday)and that may well limit the share price moving ahead even if the market conditions have improved and the results from the drills are positive.
Usual statements apply - do your own research & good luck to all.
Recovered 330 points in the last hour of trading maybe a slight recovery Monday,what ever this is beginning to look cheap again
https://www.eia.gov/outlooks/steo/pdf/steo_full.pdf
Shorts rule for the foreseeable.
Hunkering down for next six months.
Evening monms Dow down nearly 800 points down so I wouldn't be surprised if we get more of the same next week.Panic seems to have set in for the moment.However the Saudis are imo not going to stand by watching the oil price keep dropping and I think that they will step in soon and cut production like before,their target which they muted is 95-$100 which allowing for inflation imo is about right.
Not at all Babe. I'm simply someone that is invested and that believes the growth plan laid out by the company, and that starts next month, will see SOUC's share price more than recover the pre-placement highs.
You on the other hand don't seem interested in that plan, or the global LNG market or the increased revenues that will be announced end Oct.
No your take is that the company cannot be doing well but you are unable or unwilling to offer justification of that sweeping statement other than to point at the current SP.
I'm wondering if the recent dramatic drop on low volume sales might indicate a concerted effort to short the share price? Now I wonder if any newcomers to the thread, one of whom claims to have sold-off their holding could shed any light on that possibility?
MONM - I think you must be head of PR and spin for SOUC.
SP is still plunging.
Average volumes ...not average bonuses???