20:08:37 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Southern Energy Corp
Symbol SOU
Shares Issued 204,356,973
Close 2019-02-20 C$ 0.11
Market Cap C$ 22,479,267
Recent Sedar Documents

Globe says Southern trading at "attractive" entry point

2019-02-21 08:43 ET - In the News

The Globe and Mail reports in its Thursday, Feb. 21, edition that Haywood Securities analyst Darrell Bishop says Southern Energy (11 cents) is "ticking the boxes for energy investors amid uncertain times." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bishop commenced coverage on Southern Energy with a "buy" rating and 25-cent share target. Mr. Bishop is the lone analyst covering the stock. The Haywood stockpicker says in a note: "As a U.S. pure play natural gas E&P with impactful near-term catalysts, we believe that Southern Energy is worthy of investors' attention today, especially when considering the anticipated growth in natural gas demand over the next 3-4 years as feedstock for U.S. LNG. With most companies focused on developing/holding land in the pricey U.S. shale basins (Permian, Eagle Ford, etc.), while trying to live within cash flow below US$55/b WTI, non-core conventional assets are ripe for consolidation by players like Southern. Having demonstrated the ability to execute on its growth strategy amid challenging market conditions (i.e. Dec/18), we see the current levels providing an attractive ground-floor entry point into this new and unique investment opportunity."

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