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Southern Energy Navigates Q2 Volatility
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Southern Energy Navigates Q2 Volatility

Southern Energy (TSE:SOU) has released an update.

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Southern Energy Corp. reported a slight increase in petroleum and natural gas sales to $3.9 million in Q2 2024, up by 4% from the previous year, despite a 3% production decline. The company faced a net loss of $2.6 million but managed to enter into a favorable fixed price swap contract, and extended the maturity of its convertible debentures, aiming to improve financial stability and shareholder value amidst volatile natural gas prices.

For further insights into TSE:SOU stock, check out TipRanks’ Stock Analysis page.

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