Sound Energy (SOU) 🛢️ - Share Chat

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 …

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What a shitshow

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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.

https://www.morningstar.co.uk/uk/news/AN_1576661793463009200/sound-energy-shares-drop-amid-share-placing-to-raise-gbp15-million.aspx

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

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

https://www.morningstar.co.uk/uk/news/AN_1578914840811215400/sound-energy-secures-morocco-natural-gas-pipeline-approval.aspx

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

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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?

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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.

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

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

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

Why the rally? Good time to dump?

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Have opinions changed on this? Available analysis looks to be more positive since 20/21. However I’m aware that Morocco drilling still needs to yield results.