[On :freetrade:] Sound Energy (SOU) 🛢️

Oil and gas exploration company with sites in Italy and Morocco.

I’ve held this all the way through from 15p --> £1 --> 3p. Anybody contemplating a punt I would strongly recommend looking at the LSE board …

1 Like

What a shitshow

2 Likes

Why was this stock added? Who’s demanding this AIM penny stock microcap?

Fortunately my exposure was limited but numerous investors have lost 000’s on this. A disastrous drilling program since 2016 littered with dusters / non-commercial outcomes.

30% down this week. Hopefully nobody was tempted by this stinker.

1 Like

Is this a good stock to buy with it being around the 2p mark? The news on Sound Energy is looking positive:

Just looking for peoples thoughts on this? How will it perform in 2020?

2 Likes

It is currently an unprofitable company.


(Simply Wall Street)

I don’t think one piece of good news changes the picture that this is a very risky investment.

What are your thoughts?

1 Like

They have holes in the ground in Morocco, and I assume the rights to drill more holes. No one truly knows if those holes will produce anything.

Just walk into a casino and put it all on black.

2 Likes

Think it’s riskier then that. Stick it on a number.

1 Like

Put your cash in a bag and throw it on the fire. Same end product.

2 Likes

As a newbie investor, can someone help me understand why is this a popular buy?

Unique buys are counted. So penny stocks where people invest some spare cash in are usually on here.

So it’s just a share people invest their spare change in? That would explain it, because otherwise it looks small and risky. Interesting.