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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

Post by coolfooldumbguyon Jan 24, 2019 11:27am
108 Views
Post# 29275695

the oil & gas sector as a whole is

the oil & gas sector as a whole isshowing weakness for me on the technical charts and I do not short stocks at all,plus there is a rumour of a glut of petroleum,especially oil,coming out to flood the markets,so you are probably better off to own gas oriented stocks like ARX or ECA,as gas is domestic not foreign,or pot stocks glta.I will repeat that there is absolutely  nothing wrong with this company other than the technical chart is either showing a big decline coming up or a head & shoulders formation is being completed,but there is still some risk to the downside,so I believe in preserving my profits always instead of riding this stock down holding it,and you can always buy it again at a lower price glta.
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