RE:RE:RE:Projected 2021 NumbersRobertboblaw - The way i see it in my cynical view of the world is this, VII generations has created more millionaire managers than any other energy company in the patch, and is not accountable to the shareholders. They will not tell the share holders why the have that extra gas plant, maybe because there is a future with a lot more gas and a lot less liquids in the works for VII generations share holders.
The current enterprise evalutaion for VII generations per flowing boe is rougly about 13.3 million dollars compare that to POU which is 9.6 million, with no consideration for a rich and diverse asset suite that VII generation just does not have.
With all this talk about VII generations generating FCF, is the story not getting old by now and my take is that their plays are over engineered, expensive, and if they truely took a more CNRL model to the way they operated, things would be significantly different.
I personelly have a couple compaints about to many shares in the float, not enough torqe to the upside, and the continual steady decline in condensate numbers. The management will never instate a divided and it is a long way out in their thinking. With all the FCF talk from VII generations over the years they have never delivered, and their balance sheet shows that it is matter of fact.
I personnely think if there is not a cultural change at VII generations, the company is doomed.
POU is asset rich, and they are more an asset play then a FCF play, if you think with one the largest land bases in the country, many hard assets on their balance sheet, and the largest holdings in the Kaybob area. Pou is one transaction away from turning all the numbers upside down, that is my opinion.
I simply don't believe the story from VII generations management any longer.
IMHO