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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 retiredengexecon Mar 12, 2020 12:04pm
243 Views
Post# 30799498

How Long Can Russia Hold out

How Long Can Russia Hold outThe Russian Energy minister stated that Russia can hold out at $25 a bbl for 10 years. Probably not as the oil and gas industry accounts for between 16 and 30 % of GDP depending on info source and between 30 and 50Percent of export revenue. The Russian GDP is 1.6 trillion US and comes in at 11th place in the world. Conclusion: At some point the national budget takes precedence over the operation of the oil industry. Hopefully this happens sooner rather than later.
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