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

GAP

[dalerules88]

VII closed the gap from this morning's open, WTI still in range pointing up, guessing we go up from here

[retiredengexec]

WTI up but NYSE off by 400. We are doing OK relitive to most energy stocks. EOG off by more than 2%. TOU,ECA and POU getting creamed.

[dalerules88]

looks like WTI just filled the gap to 59.84 and is now recovering from that down leg, we just might be good to go up from here ...

[TUMONE1]

I see 56.86 as bottom here - then up - we should hit that first this week- up by end of week. Moving into next week will be tell tale sign. This comes off last support since bounced off 50 but continued through - now at 576 - this falls right on the weekly trend line as well. This all of course correlates to the WTI technicals. As far as VII - looks like 11.96 is bottom area - 1618 - if blows

[dalerules88]

thank you for that input - I fear if WTI hits 56.86 then VII will go lower than 11.96 but it sure would be nice if we held that 11.96 - we got creamed at the end today, again, with WTI tanking. We were fine until Trump opened his mouth.. As much as I'd hope that cuts or talk of cuts from OPEC would stabilize oil price, after Trump comments today and the immediate downfall in WTI from near 61

[dalerules88]

you nailed the WTI to a penny so far, day low 56.86 I'm impressed

[TUMONE1]

Yes -  End of week close on VII needs to be at 12.96+ - 13.40 for ALGO's to kick in on reversal !!! This would push it back to upside to the end of the month. Looks like WTI is bottoming out right at line. Busy pushing buttons......

[TUMONE1]

Will work on calculations for ALG's at end of month.   Remember this is also tax loss season - I believe most has been dumped -  Will be slow - 30day turnaround. January is a cyclical turning point for oil - pushing to upside steadily. We could see momentum continue upwards into 2020.

[dalerules88]

call me naive, but fundamentally, oil bottoming here makes sense; I don't see sub 50 dollar oil benefitting anybody, including Trump; from the daily action so far it looks like you may have nailed the bottom, kudos for that; and yet again, VII is step in step with WTI, so I personally get some comfort level from that, now that WTI has possibly turned; even if not, at least the VII behavior

[TUMONE1]

Now NCIB should be in play here!!

[retiredengexec]

Agreed. And thanks for your rationale analysis. Saved me as well from a huge panic sell..