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

Fourth Quarter Results

[MyHoneyPot]

I think the 4th quater results and the entire year was pretty respectable considering they only spent 624 million dollars. 

Hopefully this is a sign of future efficiency, but it looks like they have ground down the costs setting a OPEX best cost number in Q4. 

It looks to me that Optimization and Growth is in the VII Generations Montney Play area, and i would look forward to seeing an expanded Capex in 2021

IMHO

[regardless]

The deal break up fee is 75 million ... does anyone know how that works ? 

[325home]

A Breakup Fee, also referred to as a termination fee, is a penalty that is paid in mergers and acquisitions transactions if the seller backs out of the deal. The fee serves to compensate the purchaser for the time and resources spent in negotiating the deal. Of course the devil is in the details.

[regardless]

Od say the fee is quite small compared to the deal... I wonder if there's wind of it that it may not go through? 

[Robertboblaw]

Its been said here but worth mentioning again. VII shareholders need to vote 33% or more "no" in order for it to be nixed. GIven VII is owned 57% by instuututiions that means "they" (instuitions who likely incited the deal) would need another ~10% of the votes they dont hold in order to get the 2/3 vote in favour of the deal. I've no idea how much insiders make up but its

[regardless]

Robertlaw them why are both stocks trading like absolute junk... if this was a done deal wouldnt they both be on a runaway with huge swaths of buying taking place ?

[Robertboblaw]

We weren't necessarily on fire before the deal was announced either. I suppose if almost every individual investor votes no then it will get nixed. But at least 75% would need to vote no. That's a lot. Its a sham though. The board of VII is hanging us out to dry. Hey maybe there's a chance...

[regardless]

Robertlaw the question I have is at the current commodity pricing we should be at 13-15$ a share allready... is it poasible that if this deal goes south that we will see that in short order with a big share price appreciation 

[Robertboblaw]

I hope so regardless. Vii would be better off on its own. A true free cash flow machine with higher oil prices.

[Robertboblaw]

Tell ya one thing, I'm probably gonna pass on companies that have significant institution ownership next time. Lol.

[regardless]

Robert law I agree with you there as wel

[PabloLafortune]

After this, IPL and others, my rule of thumb now is I only invest in Canadian companies that are either a) US listed or b) significant insider ownership.  Otherwise, I'll be at the mercy of Bay Street's old boys network.

[Sugaree]

Paramount fits that bill.