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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 Specul8ron Jul 11, 2018 6:45pm
162 Views
Post# 28302979

RE:RE:RE:RE:RE:RE:New Management

RE:RE:RE:RE:RE:RE:New ManagementNG pricing is terrible, but their hedges are good, as recognized by S&P's recent Global Review and upgraded ratings: "June 20, 2018 16:21 ET (20:21 GMT) The following is a press release from S&P Global Ratings: -- We are raising our long-term corporate credit rating on Seven Generations Energy Ltd. to 'BB' from 'BB-'. -- The upgrade reflects our expectation that Seven Generations' funds from operations (FFO)-to-debt will increase and remain consistently above 60% throughout the next three years, chiefly due to strong prices for condensates, a competitive cost structure, and the company's market diversification and hedge policy. ". Similar to Moody's ratings from December 2017. There's also the EIA weekly storage reports. NG builds are nowhere near last year's, and the gap from the 5 year average hasn't been closing like it was this time last year. Inventories are also 25% less than they were this time last year. We might take a bump on Aug 2, when Q2 prod numbers come out, but maybe not. Everyone knows the 2nd 1/2 of the year is stronger, and their earnings should impress. Then there's the double bottom reversal that I've been predicting. If we can get over $18.50, we should have a good shot at $23 by year end. GLTA.
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