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.
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?
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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.