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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 Dec 11, 2018 4:33pm
63 Views
Post# 29099626

RE:Institutions Have it Out for Canadian Producers

RE:Institutions Have it Out for Canadian Producers"Anyone else noticed this trend?" Anyone who hasn't noticed this trend is blind. Every time companies within the sector try to come up for air, they, the Shorters and IMO some banks, hammer them back down with a vengeance. Pushing them even lower than what they traded at before their attempted rally. I don't see much upside until the end of Q1. Even Russia's latest supposed cutbacks are getting dialed back. Now they're saying it will be only cut 50-60 thousands barrels in January, and the rest will be cut "gradually". Add that to OPEC's energy minister saying they'd sign the agreement in March, and you wonder what they'll actually do. I don't get it, the math should be pretty simple. Cut 2% of your production today, and receive 10% more for the other 98% of production. What's the hold up? That's why we are getting hammered down on every attempt to rally.
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