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

La Nina

[retiredengexec]

La Nina provides eastern NA and se us warmer winters. So it's TRUE to form and gas prices are tanking. Jan Nymex trading at 2.40 a drop of 6 percent yesterday. Jan is supposed to be the highest price in the strip. But oil outlook seems to be forming up. Should favour oily companies like VII.

[regardless]

Retiredenergyexec don't forget that Congress is going to hash out another coronavirus stimulus deal  and remember what that did to stocks .... if oul can hold the 44-46$ range the next pop to 48-48.40$ will put vii at close to 8.25$  throw a stimulus approval in there amd we see 9.50$ 

[retiredengexec]

All good points Regardless. Once the vaccines get out US demand could rise by 3 plus million bbls per day. Let's hope OPEC PLUS stays disciplined.

[Robertboblaw]

I'm done watching gas prices. Everytime I get excited as it rises to $3 - $3.50 it just tanks back to $2 $2.50. Whatever so long as oil stabilizes in this range, anything above $2.25 gas is alright. If your well produces a good amount of oil and liquids, whatever gas it produces (even at $2, $2.50) is essentially just a bonus. At least, that's how I see it.

[retiredengexec]

Robert. You are right about gas prices. Just when you think it's all good wham, a long comes a warm winter. Its Mid December and there hasn't been any cold weather. Natgas has been and always will be a volatile commodity. And most of not all basins are profitable above 3.00 per mcf. Consider that there only 98 gas rigs now. As I said VIIs Condy makes it a star. The current Condy price is

[retiredengexec]

</meant to say all basins are profitable above 3.00 bucks. it's very easy to add 10 or 20 bcfpd with relatively few rigs.>

[regardless]

With a vaccine rollout started and stimulus almost a given now ... oil will go to 50$ in turn we head to 8.50$

[retiredengexec]

Once we have oil in 5's we go to 10 or more.. That said, our opec friends have 7.2 million bbls per day of shut in production. Question will they or wont they stay disciplined? Anyone who says they know are delusion as there are so many moving pieces.

[regardless]

I'm looking for a sharp decline in the USA with Biden at the helm... I'm also looking at middle east tensions  but yes I agree opec as garbage as they are will be a big influencer of where we go 

[topdown99]

Great discusion here , retiredguy is a wealth of knowledge and has great insight . I laughed at the frustration expressed with the nat gas price , the condy production for VII is world class and it was why I was so happy to get this gem on sale . As for OPEC+ discipline , you are right , nobody knows BUT ........ every one of those OPEC+ members need better than $50/brl to make their budgets work

[regardless]

This stock as well as oil has shown a huge resilience today to the massive 15 million barrel inventory build reported ! I think we now have a new base at 6.18$ amd I believe the market is awaiting a stimulus and vaccine approval to ramp back up 

[retiredengexec]

Regardless. 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

[topdown99]

One last point retired , you said "have patience" in your reply to regardless . I don't think anyone here has a "short term" viewpoint on VII , personally I am in for the long haul as I still see + $10/sh within the next 6 months .

[Robertboblaw]

Agreed. I'm not looking at anything before January 2022 as the earliest possible sale time for myself. ( and thats probably only 50% probability). I only got in maybe 7 or 8 months ago and firmly believed (and still do) that even with oil at maybe $50 to $55 in 2021, this is a $15 stock. Don't forget the CPP fund (or whatever fund it was) saw enough potential in this co to buy in at $15

[topdown99]

Thats for sure Robert , this company is very unique and as oil recovers so will VII . The minor day to day moves against the real value here are another example of the "can't see the forest for the trees" argument . The long view will pay in this case 

[retiredengexec]

Top. I do too. And oil didn't drop despite the build.