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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

Comment by retiredengexecon Dec 09, 2020 12:22pm
86 Views
Post# 32068088

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:La Nina

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:La NinaRegardless. Depends on how deeply Covid bites. A 15 million barrel build implies 2 million barrels per day of excess capacity. Also the stimulus money mostly goes to pay rent and groceries. Hopefully we have established a floor around 6 but dont hold your breath. I dont see as a lay person things being much until at least March or April. Have patience all Along with draws or builds watch the refinery run rate. In my opinion this I'd the best proxy for demand. Before covid run rates were around 95 percent and between 16 and 17 million bbls per day. This build if it's a one of is ok. If it's a trend it's very s scary.
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