Change in Thinking Required The reality of the Energy industry, is that it is volitile and people get tired of waiting for FCF potential down the road while management keeps dreaming up new capital projects that continue to add debt, and move the target date for FCF generation. You need balance and cash planning and discipline, this does not exist at VII generations with the shareholder in mind.
FCF needs to be the primary driver of the company on a quater by quater basis and not some elusive objective that just keeps getting kicked down the road. The management is not confident in their ability to manage the company and provide a meaningful divided to it
shareholder, even though it has one of the most economic, opportunities in all oil and gas.
Wrong management team, to focused on rewarding themselves, and afraid to reward share holders. How many millionaire management have cycled through the VII generations management team? The should be a policy no bonus for management until shareholders start getting paid and the destruction in market capitialization is stopped.
We need a President tha that is focused on FCF, and is aware of the equity market place, and how analysts view their company. They are wandering in the winderness and not delivering what the market or shareholders want, they think they are a lot smarter, however that is not the case.
IMHO