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SOUC Southern Energy Corp.

5.50
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Southern Energy Corp. LSE:SOUC London Ordinary Share CA8428133059 SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.50 5,081 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.00 6.00 5.50 5.50 5.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 15.58M USD -46.82M USD -0.2799 -0.36 9.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:36:39 O 5,081 5.151 GBX

Southern Energy (SOUC) Latest News

Southern Energy (SOUC) Discussions and Chat

Southern Energy Forums and Chat

Date Time Title Posts
06/12/202405:54SOUTHERN ENERGY: LSE and TSX2,878
21/6/202216:29Southern Energy with Charts and News302

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Southern Energy (SOUC) Top Chat Posts

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Posted at 21/12/2024 08:20 by Southern Energy Daily Update
Southern Energy Corp. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SOUC. The last closing price for Southern Energy was 5.50p.
Southern Energy currently has 167,242,824 shares in issue. The market capitalisation of Southern Energy is £16,724,282.
Southern Energy has a price to earnings ratio (PE ratio) of -0.36.
This morning SOUC shares opened at 5.50p
Posted at 30/9/2024 14:30 by tag57
Impressive decline, but in the wrong way!
Even the Henry Hub price can’t save this one.
Posted at 17/8/2024 08:04 by bountyhunter
Talking of placing cash I still recall participating in a placing some time ago where there was much talk of an accretive acquisition. At that time there was a company target of 25k boepd to progress to. Instead they just frittered away the lion's share of that money imho. Yes I've joined the dissolutioned club!
Posted at 26/4/2024 07:02 by bountyhunter
It's the EPS figure that struck me. With no WT in the US you would have expected better despite the low gas price but unfortunately that has been disastrous despite the hedging.
Posted at 16/4/2024 12:33 by pparekh20
Ok agreed there may be some dilution, as the gas prices are pretty much rock bottom.

This stock is essentially a bet on the North American gas prices, and whether we think these will increase. A cold winter will obviously help in the short term, but I think Marcellus / Permian / Haynesville will be reaching peak gas production soon, which will have an impact on the long term price.
Posted at 29/3/2024 16:29 by croasdalelfc
SOUC get more than the Waha Permian prices below but all basins are suffering. Probably around $1.60/mcf
Posted at 28/3/2024 22:51 by croasdalelfc
.....The price at the Waha Hub in West Texas, which is located near Permian Basin production activities, remained negative this week at -$0.05/MMBtu yesterday, up 21 cents from last Wednesday. The Waha Hub traded $1.49 below the Henry Hub price yesterday, compared with last Wednesday when it traded $1.83 below the Henry Hub price. The Waha price reached an intraweek low of -$0.70/MMBtu on both Friday, March 22, and Monday, March 25. The Waha price has been negative since March 11 due to a combination of warmer weather that has reduced natural gas consumption and ongoing maintenance on the El Paso Natural Gas pipeline system, which delivers gas westbound out of the Permian Basin....Can we pay you to take away this gas ...Thanks
Posted at 13/1/2024 15:35 by bountyhunter
I won't be giving them any more money as they seem to have frittered away previous cash raised, delivering less and over a longer timeframe than I had anticipated. I still hold a few in anticipation of a gas price rise (with colder weather) driving the share price higher and with one or more new wells coming online, but I won't hold my breath!
Posted at 18/8/2023 10:27 by croasdalelfc
Tag57 - sorry for your loss :(

SOUC is similar to Block Energy and UKOG - saying that new technology in an old oil field will produce stunning results. Lots of hype by CEO explaining new tech and expected superb production numbers (block energy 5000bopd !, UKOG 10000 bopd! SOUC 3000 per well.
Then drilling starts share price gets ramped by CEO and others and just as results are due - bang - a big placing. this secures the directors in a nice job for 2-4 years whilst promoting the positives and hiding the many negatives. More placing follow for new acquisitions or for new promised Gen 4 drills - you get the picture :(

The difference with SOUC is that production number are transparent albeit 6 weeks behind. I old my last shares in Aug 22 when the first decline figures were released.
Posted at 13/4/2023 06:01 by pro_s2009
Yes, thats why I am watching closely. They have done themselves in spending money drilling and the gas price has crashed. The damage to the share price has been done, and the results statement will show cash balance and payables due, no hiding from it.

Given the current share price, one expects cash to be low, else why is the share price down and people selling ?

And if that is the case, a dropping share price and the appointment of a joint broker usually, imo, signals a cash raise is coming.

My comments are purely it will be a very good buying opportunity if there is a placing in the coming months.

Not long to wait for the results statement and we can see the financials in detail then.
Posted at 15/3/2023 10:44 by 11_percent
Dunder has a point.....its half a point.....but that still counts.

=================

I've got to admit - aligned with the recent share price performance I'm with Under11% on this - which kind of sticks in my throat a bit!!
I hold quite a few of these underwater so am holding steady at moment before I average down!! Cue big positive news RNS tomorrow morning and share price goes up like a rocket!!
All iMHO if course.

===============

IMO the Strategy is dead.....due to the low gas price......BUT LETS PUT THAT ASSIDE and look at what is happening today/tomorrow.....and what we know for sure.

# We are drilling and the news is overdue.

# SOUC management present tomorrow.

# No RNS this morning……;.so, they only have tomorrow morning to get an RNS out.

SENARIO 1
Cue big positive news RNS tomorrow morning and share price goes up like a rocket!!

Management go on to present the new RNS news.


SENARIO 2
No RNS tomorrow.
Management go on to present the same old slides outlining the STRATEGY.


SENARIO 3
Bad RNS tomorrow morning.

Management do “jam tomorrow” presentation.
===============
So, place your bets…….its another exciting day in the AIM O&G Casino……palce your bets…..place your bats.
Southern Energy share price data is direct from the London Stock Exchange

Southern Energy Frequently Asked Questions (FAQ)

What is the current Southern Energy share price?
The current share price of Southern Energy is 5.50p
How many Southern Energy shares are in issue?
Southern Energy has 167,242,824 shares in issue
What is the market cap of Southern Energy?
The market capitalisation of Southern Energy is GBP 9.2M
What is the 1 year trading range for Southern Energy share price?
Southern Energy has traded in the range of 5.00p to 13.50p during the past year
What is the PE ratio of Southern Energy?
The price to earnings ratio of Southern Energy is -0.36
What is the cash to sales ratio of Southern Energy?
The cash to sales ratio of Southern Energy is 1.07
What is the reporting currency for Southern Energy?
Southern Energy reports financial results in USD
What is the latest annual turnover for Southern Energy?
The latest annual turnover of Southern Energy is USD 15.58M
What is the latest annual profit for Southern Energy?
The latest annual profit of Southern Energy is USD -46.82M
What is the registered address of Southern Energy?
The registered address for Southern Energy is SUITE 2400, 333 7TH AVENUE S.W, CALGARY, ALBERTA, T2P 2Z1
What is the Southern Energy website address?
The website address for Southern Energy is www.southernenergycorp.com
Which industry sector does Southern Energy operate in?
Southern Energy operates in the CRUDE PETROLEUM & NATURAL GS sector

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