Southern Energy Share Discussion Threads

[sos100] 24/4/2023 13:33

would have expected some director buys at these levels?

[little minx] 24/4/2023 13:15

They are trying to say parts of Europe will have a heatwave so let's see what impact this all has on the price of gas and US exports. US in turn too could have the heatwave and air conditioning demand will push the price up too!

[jailbird] 24/4/2023 13:02

A recent comment which hit home and why we get an off spike in NG-Overall , the market still has way too much supply for these small weather runs to significantly aggravate the supply/demand balance Q1 will not make good reading , Q2 has not started well either .Hopefully the market will start to look ahead to Q3

[little minx] 21/4/2023 15:06

Somebody is still buying.

[little minx] 19/4/2023 09:05

I am really underwater too and the update wasn't as good as I thought it would be.

[jungmana] 19/4/2023 09:02

LM, I am very much under water here but the current price is not just due to gas prices .Compare the production in Q4 2021 to Q4 2022 and increase is just about 500 boepd this is despite spending $15m to drill 3 wells in H1 2022. "Q4 2021 average production of 12,753 Mcfe/d2 (2,126 boe/d) (91% natural gas), resulting in average production for the year of 12,592 Mcfe/d(3) (2,099 boe/d) (92% natural gas), a 6% and 2% decrease from the same periods in 2020, ""Q4 2022 Average production of 16,084 Mcfe/d [2] (2,681 boe/d) (96% natural gas) during Q4 2022 and 15,584 Mcfe/d [3] (2,597 boe/d) (95% natural gas) for the full year 2022, an increase of 26% and 24% from the same periods in 2021, respectively"

[little minx] 19/4/2023 08:10

Stupid time to sell as gas is on the turn.

[little minx] 19/4/2023 06:12

I was reading a bit about takeovers in the fracking sector and is it the Periman Basin and also about Wednesday US simulation of an attack on Taiwan on China. Then there was an article about Russia selling cheap oil to Saudi for the home market and Saudi produced oil being sold into the world market at a greater price - or is it just being worded that way.My thoughts are what a mess and wondered if our Bulgarian friend is still buying!

[little minx] 19/4/2023 06:07

They are generating cash and being cautious over hedging and don't want to get caught out.Gas is on the rise so maybe it's time they bowed to a bit of pressure from the shareholders. Alternatively the new brokers might, just might, do a better job.

[jailbird] 19/4/2023 04:55

This is true , info vague on what's important to the market and to us.Need a quarterly update within next few weeks , not gonna be great though

[jungmana] 19/4/2023 01:31

Jailbird yes as MT said we need more information on the current cash position, production, debt and cash generation .

[jungmana] 19/4/2023 01:24

Average daily production is Q4 was lower than I expected; "Average production of 16,084 Mcfe/d [2] (2,681 boe/d) (96% natural gas) during Q4 2022 and 15,584 Mcfe/d [3] (2,597 boe/d) (95% natural gas) for the full year 2022, an increase of 26% and 24% from the same periods in 2021, respectively"

[firestorm911] 18/4/2023 16:59

Bring Mau back.

Going down the swanny here, Little Mong.

You know we got our crawls in this pig and JungMOng is on our list for termination

[little minx] 18/4/2023 10:26

Gas is on the up

[little minx] 18/4/2023 07:51

From one of today's reportsNatural Gas Volume PricingCostless CollarJanuary 1, 2023 – March 31, 2023 2,000 MMBtu/d NYMEX – HH $3.50 ? $20.00/MMBtuSubsequent to December 31, 2022, Southern entered into the following commodity derivative contract:Natural Gas Volume PricingFixed Basis SwapApril 1, 2023 – October 31, 2023 1,000 MMBtu/d NYMEX – HH + $0.320/MMBtu

[little minx] 18/4/2023 07:45

They need to start reporting the transactions more accurately and their broker should be working on it. Gives a totally false impression all the time. But that's the corrupt UK.

[mount teide] 18/4/2023 07:44

Correctly, the company has battened down the hatches to ride out this period of low nat gas pricing.....which could persist well into the summer.

Q4/22
$5.28/Mcf - HH average price
$6.35/Mcf - SOUC average realised sales price

Q1/23
$2.49/Mcf - HH average price
$TBA - SOUC average realised sales price

Q2/23
$2.16 - HH average price to date

Some clarity on the current Net cash position and cash flow generation at present realised nat gas pricing would have been helpful. As would the latest hedging position.

[little minx] 18/4/2023 07:32

Yes they have amazing assets and Freeport impact will start to show in the coming weeks. One of the tweets below covers the cut back in production of gas and the other the LNG demand if I remember correctly.All good here.

[tonytyke2] 18/4/2023 07:29

I just keep looking beyond the current HH lower price cycle/phase, to the bigger picture here.They have averaged 2681boe/d last year and their target is 25000 boe/d. So targeting nearly 10 times average daily production from here!! This target tells you everything about their outstanding acreage imo.I will be adding where I can at these share price levels.Good luck to all invested here.

[little minx] 18/4/2023 07:25

You are because if the price of gas turns quickly, which it will, they can ramp up production at a very low cost better than most other producers.

[jailbird] 18/4/2023 07:22

And we are all priced in here

[jailbird] 18/4/2023 07:21

Maybe I am worrying too much

[jailbird] 18/4/2023 07:21

JunHmmm, just thinking the results but in particular the cash/debt balance sheet represents end of 2022 when NG prices were still above $4+ Yes there associated costs with drilling as well but then we had the fund raise too .We are almost 4 months post these results , and with NG prices on the floor since February, it is a little worrying to me what the balance sheet will be now

[little minx] 18/4/2023 07:03

And there is a very small hedge too.