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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

Post by Robertboblawon Feb 11, 2021 6:41pm
217 Views
Post# 32547822

My thought

My thoughtMy take is that the 10% premium for vii is too low. Arx has 350 million ish shares and its net asset value was $6 or $7. VII NAV pre merger was easily double that suggesting significant upside torque especially if VII had been able to pay down debt or cancel shares with 2021/2022 free cash flow. A 10% premium for those shares is disappointing imo and given the reaction today I'm inclined to say I'm right. Don't get me wrong I'm sure this new VII is a ~$20 stock in a few years, however I see this as disappointment as I saw these guys as farily close rivals to TOU in 2 or 3 years time. TOU should be a $40 or $50 stock again in that same time. GLTA
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