RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News releaseI think everyone here has got it just about right. When I posted the piece on Seven Generations growth over the past 4-5 years, I am convinced we will follow a similar growth path between now and 2021.
This is fantastic news.
About 6-12 months ago we all were hoping for $1.00 to $1.50 per share on a buyout.
Now we can see the commitment by Garth and his team to build this company into something special.
Today Seven Gen has a market cap of about 9 billion.
In four years I beleive that BBI will have a market cap of 5 billion+ and that will equate to a $5-6+ share price.
Production will be 50,000boe/d+ and there will likely be a minimum of 50-60 wells in production on 130 sections or more..
If anyone does not beleive that the BBI team can accomplish these goals then you have not been watching the team over the past couple of years.
I think there may be a short term correction in the share price to around 60 cents, as the big boys will want a deal around 60 cents for shares and 65 cents for flow through shares.
This financing will be oversubscribed and I expect the price to start moving up again by April.
I will take $5 over 3-4 years anytime, than take $1-1.50 this year.
GLTA