ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SOUC Southern Energy Corp.

10.25
0.00 (0.00%)
24 Apr 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% 10.25 12,943 08:00:00
Bid Price Offer Price High Price Low Price Open Price
10.00 10.50 10.25 10.25 10.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 35.45M USD 9.3M USD 0.0561 3.03 28.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:52:51 O 12,943 10.01 GBX

Southern Energy (SOUC) Latest News

Southern Energy (SOUC) Discussions and Chat

Southern Energy Forums and Chat

Date Time Title Posts
24/4/202422:04SOUTHERN ENERGY: LSE and TSX2,845
21/6/202217:29Southern Energy with Charts and News302

Add a New Thread

Southern Energy (SOUC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 09:52:5210.0112,9431,295.59O

Southern Energy (SOUC) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 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 10.25p.
Southern Energy currently has 165,718,160 shares in issue. The market capitalisation of Southern Energy is £28,172,087.
Southern Energy has a price to earnings ratio (PE ratio) of 3.03.
This morning SOUC shares opened at 10.25p
Posted at 16/4/2024 13:33 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 03/4/2024 15:10 by bountyhunter
Previously DEC have said that they get (and have received) a premium to the Henry Hub price for unhedged production. Hedging in place to the end of 2025 at significantly higher prices of over $3/MMBtu also needs to be taken into account.

.......................
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 04/3/2024 07:38 by croasdalelfc
827boepd from the new well for January . Around $500k earned from the first 48 days . 20% goes to royalty ownersDecline will now kick in so at $2.5/mcf it will take another 9-10 months to earn the $2.1m cost of the DUC . The drill cost of $10m will never be fully recovered.Will the cashflow be enough to get to the next DUC ? SOUC is now a zombie company but the directors still get paid ....April is the results month - has debt risen? what is the cash position . Working capital needed ?
Posted at 09/2/2024 08:14 by croasdalelfc
Souc are loss making every day under $3.5/mcf and that isn't counting capex expenditure.Gas revenue $2/mcf inc hedge Royalty (0.4)Production tax (0.2)Opex (1.0)Transportation (0.25)G&A (0.7)Debt interest (0.6)= (3.1)Capex ...
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 11:27 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 07:01 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

Your Recent History

Delayed Upgrade Clock