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

Some are moving in right direction - not VII though

[TUMONE1]

TOU - up 1.69%
ENB- up 1.49%
ECA- up 2.19%
and even the penny one.
BNP - up 6.43%

[dalerules88]

I think Friday morning action on AAV, TOU etc was combination of WTI going down at the same time as TSX and DOW were tanking. Once the fear trades dissipated, all the names you mentioned bounced back up based on US nat gas going up 8%. Still, if you think about it, with an 8% comodity move, one would expect more up move on the dry gas stocks, but I'm guessing that's been tempered with the

[SiriusBiz]

I don't understand why VII would be correlated to WTI? They are a NG/NGL producer with a high % of condensate production. From what I understand, all condensate produced in Alberta is sold in Alberta, and the heavy oil producers have to import condensate from the US to make up a short fall in supply. If so, where is the tie to WTI? Your comments are most welcome, thx.

[dalerules88]

my personal opinion on the VII / WTI correlation is because A) VII has the highers condensate ratio from the peers, so it's most likely to get affected by WTI prices, relative to its GAS peers; WTI pricing ultimately impacts WCS pricing, which may impact heavy crudes production which impacts condensate demand - this relationship is quite removed, nonetheless it clearly still exists - evidence