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Sonde Resources Corp. Message Board

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  • wright.tom64 wright.tom64 Aug 11, 2011 8:44 AM Flag

    2nd quarter conference call

    I really feel that there is not a lot of bad news out there for SOQ at this point and at this price it seems a reasonable bet. But this market is taking bead on nearly every stock with no concern for the story behind the company. SOQ's past has been spotty enough to justify that but I think a new day is on the horizon. If you buy, don't buy a lot. I am leery of the shale plays that are shallow and also leery of the SEC looking into "cooked" estimates of reserves.

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    • <<I am leery of the shale plays that are shallow and also leery of the SEC looking into "cooked" estimates of reserves. >>
      by tom.wright

      What are you talking about? I have heard nothing about any "cooked" estimates. Nor could I find anything on a internet search.

    • Is this what you are talking about when you refer to SEC action?

      http://www.sec.gov/interps/account/sabcodet12.htm

      I haven't read it, though I expect SOQ follows standard procedures, and it still comes down to estimates of probable versus proven reserves.

      I wouldn't worry about it, Schanks is too smart to do anything but play that game straight - and have an independent firm evaluate reserves.

      good luck, these markets are wild and volatile, get lucky and buy something cheap,

      DTMG

      BDO

 
SOQ
0.20+0.01(+5.26%)Aug 22 3:46 PMEDT

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