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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Southern Energy Corp. | SOUC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.25 | 08:00:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.25 | 10.25 | 10.25 | 10.25 | 10.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 14/12/2023 08:28 by jailbird You and Mount Teide are the most knowledged and sharing investors I have come across in the O&G sector So thanks Happy and healthy new year to all here |
Posted at 29/11/2023 19:32 by croasdalelfc It intrigues me that many AIM listed micro/small caps easily hoodwink investors with claims of future riches from drilling old established plays: they use new tech or new seismic or horizontal drilling as the USP to drill old plays that the majors have investigated and discarded . Take BLOE in Georgia, SOUC in Ohio/Mississippi, UKOG at Horsehill, BCE in Germany is another. RBD got hoodwinked in Romania and the US and have poured millions into West Newton with zero result |
Posted at 02/11/2023 07:13 by croasdalelfc $12m to complete all 4 wells . As I said I reckon they will complete one and try to use cash flow to complete second etc etc. most of the gas/oil is produced in the first 6 months of production .This is typical short cycle US shale tactics to use cashflow and debt to fund drilling except this is on a mini scale with just 4 DUCs Where are the prospects of 10kboepd or the pie in the sky 25k mentioned time and again to entice investors. This is just running the capex/short cycle cashflow hamster wheel to keep the lights on. All the while burning cash which isn't theirs. |
Posted at 18/10/2023 09:18 by jailbird yes got it, in the office now.That explains market reaction - thanks for analysis, funny how company missed out vital details like this, and leaves it for the clever investors to work it out |
Posted at 21/8/2023 08:56 by croasdalelfc Thanks for the apology - rare on advfnThe hyped preplacing and pre Gwinville 19-3 results presentations have been removed from the company website - convenientThey have always done this - something I found annoying and then suspicious I have no shares - sold last ones in August 22 - just concerned investors don't get takes for a ride - I would wager a placing within the next 6 months.Good luck with your investment |
Posted at 19/8/2023 20:16 by the_gold_mine KS - Thanks for the correction, I stand corrected and apologise to both Tag57 and Croasdalefc on that point.However I am then wondering how to explain the chart in page 15 of the latest presentation showing the wells performing similarly against the type 2 curve? Is the allegation then that the company is putting false information into the investors presentation which doesn't match up against reality? To be honest that would be a fairly serious allegation, possible even fraud? Whilst I expect AIM companies to cherry pick what data they present, actually lying about well performance would be something that would surprise me. |
Posted at 23/5/2023 19:26 by king suarez Spantle93, yes that is my understanding.Some info was posted earlier on this board about the breakeven cost of a new well. I forget who posted it, so unsure who to credit, but it is summarised below (maybe a little out of date now?): "All-In Gathering, Processing, Transportation and Operating Cost (AIGPTOC) value of $0.64/mcf from page 4 of the investors presentation.... Taking the assumed values from the investors presentation for the Gen 2 Type well (page 8) using lateral length of 5,400 feet, IP30 of 5.7mmcf/d for each well I assume:- * EUR (Expected Ultimate Recovery) = 4.3Bcf = 4,300mmcf = 4,300,000mcf * well cost = $5,500,000 per well Total income from one well ($) = $ 5,500,000 to break even. Total income from one well ($) = EUR[mcf] * (realized sales price[$/mcf] AIGPTOC[$/mcf]) Total income from one well ($) = 4,300,000 * (1.92-0.64) = $5,504,000 = $5,500,000 approx. Using the correlation of 1 mcf = 1.037 MMBtu (as taken from the EIA website) I calculate this translates to a henry hub price of $1.85 MMBtu needed to break even on drilling costs (conservatively assuming no Transco zone 4 premium)" |
Posted at 05/5/2023 06:06 by jailbird Here is a bear vase I read todayDoes not read well for NGhttps://uk.investi |
Posted at 17/3/2023 17:36 by bountyhunter From the link in the headerInitial Obligations on Crossing 10% Voting or Equity Securities The reporting and other requirements below generally only apply to acquisitions of voting or equity securities of a reporting issuer. The term “voting security” refers to any security other than a debt security of an issuer carrying a voting right either under all circumstances or under only certain circumstances that have occurred and are continuing. The term “equity security” refers to a security of an issuer that carries a residual right to participate in the earnings of the issuer and, on liquidation or winding up of the issuer, in its assets. Common shares typically will be voting or equity securities. The Early Warning Reporting System An investor whose “securityholdi Promptly, and in any event no later than the opening of trading on the business day following the triggering event, issue and file on the issuer’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) a press release containing prescribed information regarding the triggering event, including the purposes of the transaction and any intention to acquire additional securities of the issuer; and Within two business days after the triggering event, file on the issuer’s profile on SEDAR an early warning report (EWR) in the prescribed form, including the information required to be included in the news release together with certain information permitted to be omitted from the news release. (See “Contents of EWRs and AMRs” below.) From the time that the EWR requirement is triggered until the expiry of one business day following the date upon which the EWR is filed, the investor and its joint actors must not acquire or offer to acquire beneficial ownership of, or control or direction over, any securities of the applicable class of securities or securities convertible into securities of that class, unless the investor already holds 20% or more of the outstanding securities. This is sometimes referred to as the “one business day moratorium”. The EWR requirements do not apply to joint actors of an investor in connection with the obligation to make a specific filing if the investor files a news release or EWR at the time the joint actor would be required to file, and the news release or EWR discloses the required information concerning the joint actor. Alternative Monthly Reports An investor which meets the definition of an “eligible institutional investor” and qualifies to do so may choose to file alternative monthly reports (AMRs) instead. An investor which files AMRs in the prescribed form on the issuer’s profile on SEDAR also may not be required to file insider reports on SEDI. Both EWRs and AMRs are designed to provide notice to the market of an investor’s accumulation of 10% or more of the voting or equity securities of a reporting issuer. The AMR regime is designed to minimize compliance and other costs for institutional investors that do not intend to exercise control over a reporting issuer. The AMR requirements do not apply to joint actors of an investor in connection with the obligation to make a specific filing if the investor files an AMR at the time the joint actor would be required to file and the AMR discloses the required information concerning the joint actor. Benefits of the AMR System The AMR regime is less onerous than the early warning system. For example: After the initial report filed on reaching 10% ownership, an AMR only needs to be filed if the investor’s beneficial ownership of, or control or direction over, the applicable class of securities crosses multiples of 2.5% (that is, at ownership thresholds of 12.5%, 15%, 17.5%, etc.) as of the end of the month in which the transaction occurs. EWRs, in contrast, are required at 2% intervals. An AMR must be filed within ten days of the end of any month in which the above threshold is crossed or a change in a material fact occurs, as opposed to within two days of the triggering event for EWRs. |
Posted at 14/9/2022 10:13 by mount teide As winter approaches, Wall Street is finally waking up to just how cheap traditional energy stocks still are, despite a very strong performance YTD in 2022, the tight supply and growing demand market dynamic is what will continue to drive pricing for the foreseeable future.Bloomberg survey: natural gas to be the most constrained commodity in the short term. Wall Street Is Increasingly Bullish On Energy Stocks - Oilprice.com today * Bloomberg survey: Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks. * A shortage of critical fuels such as natural gas and diesel could boost the stocks and bonds of energy companies as they have the ability to invest in more oil and gas supply. * Bloomberg survey: natural gas to be the most constrained commodity in the short term. Oil and gas stocks, the top performing equities in the S&P 500 index so far this year, have further room to rise as both retail and portfolio investors look to boost their exposure to traditional energy, expecting a worsening of the energy crisis and shortages of fuel this winter. Despite the market anxiety that soaring energy prices will continue to increase their upward pressure on inflation and central banks will continue to try to tackle said inflation with continuous large interest rate hikes, the energy space looks attractive to investors right now as Europe scrambles for energy supply. Investors Look To Boost Exposure To Energy Stocks Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks, the latest Bloomberg MLIV Pulse survey carried out last week shows. The poll of 814 respondents—in In addition, nearly three-quarters— “I definitely want to remain invested in energy stocks because of massive supply constraints,” Chris Wood, global head of equity strategy at Jefferies, told Bloomberg TV in an interview. Energy Supply Constraints Despite falling oil prices over the past few weeks due to recession fears, supply out of Russia could be squeezed in December when the EU ban on Russian seaborne oil imports kicks in, resulting in a tighter market despite potentially slowing demand growth. The G7-spearheaded price cap on Russian oil, and a possible cap on Russian gas prices in the EU, could further complicate energy supply to the most developed economies in the world if Putin follows through with his threat to stop supplying all energy products to Europe if the EU and its Western allies imposed price caps on Russian oil and natural gas. A shortage of critical fuels such as natural gas and diesel could boost the stocks and bonds of energy companies as they have the ability to invest in more oil and gas supply. Years of underinvestment in the oil and gas sector has come back to haunt global energy supply, according to Jeff Currie, Global Head of Commodities Research at Goldman Sachs, which has been bullish on oil all year. “The only way you’re solving the energy problem in the long run is through investment – and oil companies are the conduit for the capex to solve the problem,” Currie has told Bloomberg. In natural gas, the Russian cut-off of all supply via Nord Stream to Germany makes a bullish case for energy companies producing and/or trading and selling LNG on the spot market, including supermajors such as Shell, TotalEnergies, or BP. Respondents in the Bloomberg MLIV Pulse survey expect natural gas to be the most constrained commodity in the short term. Most of those also believe that OPEC+ will not let oil prices fall too low and would intervene with a production cut on the market if a recession saps oil demand. Moreover, nearly half—or 44%—of respondents say the current price of oil doesn’t adequately reflect actual supply and demand. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, last month pointed to the “disconnect Energy: Top Performer And Outlier In Falling Equity Market 'The expected energy supply constraints this winter aren’t the only factors in attracting more investors in oil and gas stocks and bonds. Despite the fact that it has significantly outperformed the S&P 500 this year, the energy sector has further room to rise. Energy stocks are still much cheaper than other sectors based on forward-year price-to-earnings (P/E) ratios, analysts say. Year to date, the energy sector has been the top performing sector in the S&P 500 index, according to market data compiled by Yardeni Research. The energy sector in the S&P 500 had gained 47.4 percent year to date to September 12. In comparison, S&P 500 is down 13.8 percent, and all other sectors except for utilities have also lost ground since January. Within the energy sector, the integrated oil and gas subsector has surged by 53.7 percent, and the oil and gas exploration & production subsector has jumped by 52.4 percent amid tight supply, soaring commodity prices, and expected energy shortages and rationing in Europe this winter. Even some ESG-focused funds are not immediately casting aside oil and gas stocks, as years of underinvestment in new supply, the energy crisis, and the Russian invasion of Ukraine have thrown into sharp relief energy security and affordability. Recent analyses have suggested that some ESG funds now include traditional energy stocks in their portfolios—an unimaginable thing just two years ago.' |
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