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

Wow

[regardless]

Now close to 49$ oil amd were at the same price we were at 46$

many ideas why this doesn't budge ?

[Robertboblaw]

I believe someone on this board mentioned they believed it was being artificially held down by traders or banks or some such. Could very well be true. We should see a big pop soon though all the same imo.

[Whocares2020]

This thing has more than trippled since March lows....I myself just doubled and usually take half position off table.  But finding it hard as there are some good headwinds going into 2nd half 2021. I believe this needs to consolidate a bit, but also believe there is more upside.  I will eventually take some gains, but this is a good long term hold for the diversified. Cheers! 

[regardless]

If the stock is being held down it's because I believe they are either getti g offered to be bought out or th eh are going to buy a small producer in their field  stock should be around 8$ with this rise in oul and ga s

[Robertboblaw]

While that is always a possibility, reality is company's don't operate with the hopes of being taken out. It's usually only once most of the prospects of the company have been exhausted that you see company's getting taken out. Seven gems is still chugging along very strong despite lower commodity prices so I'm going to say that a take over is not going to happen. It's

[retiredengexec]

Agree with you Rob. The major shareholders are in around 15 I believe and the CEOs options are all north of 12.50. So why would they sell unless they are offside on their loans which is not the case since they refinanced recently. Check back to my earlier posts so to share price at various oil prices.

[regardless]

Your telling me their averages are still 15? After the stock dropped to 1.15$? And you guys don't think they averaged down? I think that's a short sighted misguided analysis here ....if you had an avg of say 15 amd bought stock between 1.115 and say 5$ you would have brought that dollar cost average down to half in short order  so Why else did we just see the stock price lay idle

[retiredengexec]

Obviously there isn't a direct connection to WTI. the stock was 6.50 ish last Jan with wti above 55. Who the f knows. BTW they missed the boat on Modern and Jupiter which were steals. Out maneuvered by a smarter CEO.

[Robertboblaw]

I agree with you retiredexec. Btw while we're on the topic of tourmaline I did a bit of investigating, only my (admittedly) limited perspective on the matter (I'm no geologist or engineer so take it for what it's worth), but tourmaline may also fetch such a strong valuation relative to Vii (in addition to the extra 120,000 BOEs of prod tou produces, its high quality CEO etc etc) i

[retiredengexec]

Well Rob. Book value has many meanings. For an individual it's the ACB for CRA purposes. So Regards it could be a buck 15. Generally the book value is the average price of share issues. The IPO was at 14 bucks which is what CPPIB bought in at. They also bought another tranche around 16. T Rowe and others bought in during 2018 when ARC and Kern quietly excited. Last I checked there are about 59

[Robertboblaw]

Yes for sure. It is what is. If commodity prices (among other internal and external factors) didn't have any material impact on share prices, it's just an idea of what a company's shares *should be worth. However, interesting to note both TOU and VII are currently trading at essentially a 50% discount to their respective book values. So the share price of tourmaline being what it is

[retiredengexec]

Rob. 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

[Robertboblaw]

Retiredguy it's interesting to learn about these technical/ operational insights. I was aware that analysts felt VIIs wells would decline too rapidly for their liking. And as a result it would cost vii more cash in maintenance capital to keep their prod going strong. The specifics you mention are interesting (and concerning lol) but it sounds like as you said hopefully they've turned the

[retiredengexec]

Well said Rob.i truly believe they have turned things around.

[regardless]

Stimulus deal reached ... let's see what the reaction infutures are today and hopefully we can get a good fair ahake on Monday 

[regardless]

Looks like a blood bath for everything monday fuk if it's not one thing it's another 

[WAS1]

".....BTW they missed the boat on Modern and Jupiter which were steals. Out maneuvered by a smarter CEO." .....you nailed it retiredengexec