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Seven Generations Energy Ltd. class A common shares T.VII

"Seven Generations Energy Ltd is an independent energy company focused on the acquisition, development, and optimization of high-quality, tight rock, natural gas resource plays. The company employs long-reach and horizontal drilling to produce resources of natural gas, condensate, and natural gas liquids. In addition to drilling operations, Seven Generations owns several gathering lines and processing facilities. The company depends on a skilled technical and business team to identify, capture,


TSX:VII - Post by User

Comment by retiredengexecon Dec 19, 2020 6:41pm
160 Views
Post# 32147949

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wow

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WowRob. Surprisingly Vii and Tou were incorporated in 2008. VII went public in July of 2014. VII acquired the assets of Samson Canada in 2008 for Cretacious gas in Kakwa including the Montney rights. Bad deal for Samson who ultimately went bankrupt. They quietly acquired crown land and gingerly drilled until 2013 when they started developing in earnest. Meanwhile Tou was rapidly growing. As I have said Vii has more prolific but higher cost wells. Tou has much cheaper but smaller wells in terms of boes. As you have said correctly they are undervalued. Vii used to run their corporate model on a Chris law spreadsheet the result being about 400 million cubic feet a day of too much gas processing capacity and about 200 million cfpd of transportation. The market punished them for growth at all costs and zealous capital. David Holt had fixed it but it has taken awhile to forget.
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