Southern Energy Share Discussion Threads

[bountyhunter] 17/10/2023 13:00

Toronto opening in ~20mins time.

[bountyhunter] 17/10/2023 08:12

Yes OPEX reduced and plenty of hedging to protect against gas price weakness going forwards, and four new suspended wells to now bring online and take advantage of the higher natural gas prices.

HH gas price and forecast (EIA)...

[spangle93] 17/10/2023 07:49

Reads like a promising update looking forward, though with one or two downers.

Opex saved, DUC's action being set in motion.

[the_gold_mine] 11/10/2023 20:58

Missed my call for $3 gas by 3 days... I said Q3 and we hit $3 on 3rd October

Not bad, not bad at all.

[bountyhunter] 02/10/2023 15:49

HH gas price forecast (EIA) ......

[croasdalelfc] 02/10/2023 06:18

They borrowed another $2m but still have $11.5m left . The same as 18th August.That is still a burn of $300k a weekInterest payments now over $2m a year soon to be $2.5m

[bountyhunter] 29/9/2023 17:02

Only small volumes but interesting to note that the directors were purchasing shares under the employee share purchase plan on 7 September at $0.36 CAD so presumably they are anticipating higher prices. (Today = $0.33 CAD.)

[bountyhunter] 29/9/2023 16:55

HH toying with $3 again today.

Edit - above $3 again now

[bountyhunter] 25/9/2023 18:15

It is a wicked chart as it was just teasing us with $3! Maybe it will revisit $3+ and stay there when the weather gets colder.

[bountyhunter] 19/9/2023 16:27

Just noticed that! A tad above $3 as I type.
Now HH just needs to stay above $3. TSX:SOU is a bit slow to follow on from this, maybe later!

[croasdalelfc] 19/9/2023 13:44

A wicked chart for HH : looks like it wants to breakout above $3

[bountyhunter] 13/9/2023 12:11

Yes, with oil up significantly since July gas will surely follow, then Toronto then London 🤞

[11_percent] 13/9/2023 11:48

Gas price creeping up.
Buy at 3......bit of luck it will hold it this time.

[bountyhunter] 05/9/2023 16:30

That's a relief we don't want Sunak anywhere near this! He's done enough damage elsewhere already.

[croasdalelfc] 31/8/2023 14:39

Move towards!!

[croasdalelfc] 31/8/2023 14:39

A small slither of comfort is that Southern Central move Tories continue to drop towards the 5 yr average due to gas burn for air con in the continuing heatwave .HH might get to $3 in a week or two - overall US inventories around 8% up on 5 yr average and 19% on 2022.Premiums in Transco 4 and 5 should be strong

[bountyhunter] 29/8/2023 12:48

More on that today..

Chevron: Workers at major Australia gas facilities to strike

[bountyhunter] 29/8/2023 12:44

An interesting post #92

[tag57] 25/8/2023 22:20

Thanks Croas.

[croasdalelfc] 25/8/2023 13:47

Yes proppant not propane :)

[thegreatgeraldo] 25/8/2023 11:35

Croasdalelfc25 Aug '23 - 12:20 - 2705 of 2705
0 0 0
I would say $5m minimum : these are longer laterals at 5400ft with more frac stages.

Costs are water, propane and frac crew. The higher the horsepower the higher the cost

...Did you mean proppant rather than propane (auto-correct?)? Obv they need gas/some fuel to run the fraccing pumps...

[croasdalelfc] 25/8/2023 11:20

I would say $5m minimum : these are longer laterals at 5400ft with more frac stages. Costs are water, propane and frac crew. The higher the horsepower the higher the cost

[tag57] 25/8/2023 10:46

How much do you think it will cost to bring the 4 DUCs on line?

[croasdalelfc] 25/8/2023 09:23

This is a barge pole stock!! The accounts look horrific: I'm no accountant but royalty payments outstanding =$6m (some sort of dispute)!Debt $16m cash and cash equivalent $2mCash burnt in 6 months $26m! All on capex which was an eye watering $37m in H1 - to produce diddly squat....Tranche B of credit facility terminates at end Sept 23 What happens then?12% interest on debt!! Current liabilities ie due within a year $20m Long term liabilities inc decomm and debt $20m19% of revenue goes to royalty holders!hTTps://southernenergycorp.com/wp-content/uploads/2023/08/Southern-Energy-FS-2023-06-30-final.pdf