SOU trade ideas
Tank before is too late ;)
Sound Energy has Tendara licence offshore in Morocco.The licence covers eight blocks across a total of 14,500 square 0.89% kilometres. Once that the psychological threshold is ovecome, the stock still have room to run higher.
At the end of September we gonna have further news about the second drill.
Considering we had a fantastic first one with gas quality and quantity above expectations, there is still a lot to squize out. The stock is a valid alternative investement in the OIL/GAS market, without being directly correlated to it, plus a possible gain on GBP.
Rumors on licence, gas quality and possible buyer set the next stop to 130/150 before the end of the year.
Soon some meat will be served: who is hungry?
SOUND ENERGY + GBP = DOUBLE REWARDSound Energy has Tendara licence offshore in Morocco.The licence covers eight blocks across a total of 14,500 square kilometres. Tendara looks like a significant gas discovery, with potentially significant exploration upside and the well is above initial expectations. An other consideration about the Sound Energy's potential is Gazprom’s decision to cut prices in the face of potential competition, shows nervousness about the prospect of new gas arriving on market. The stock is a valid alternative investement in the OIL/GAS market, without being directly correlated to it.
I bought at 28 waiting for 43-45 over even more. Additionally we have a interesting currency: GBP. Two birds with one stone!
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