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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 Nov 08, 2018 6:32pm
48 Views
Post# 28947198

RE:RE:WTI Pricing

RE:RE:WTI PricingFirst off let's discuss WTI. Seems to have hit resistance at 60.60. Opec is meeting this weekend. hands up who thinks that they will allow a repeat of 2014?  I'd say 70/30 that they will cut back, but who knows what strings Trump has.  Even if WTI stays flat, the Condy price should move up to the 70's.

On Q4 production, they are aonly tieing in 15 wells, so they are signalling flat to slighty down in q4 as a result of over weighting capex in Q1 and Q2. They should meet 2018 guidance.

Gas price should  increase by $0.75 or so to 4.25.

No relief on hedging as they hedged against a $50 WTI and $2.90/mcf  .I mean that the hedged discount in $per boe will be same as q-3.




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