Seven Generations Energy Ltd. class A common shares T.VII

Nat Gas

[TUMONE1]

Natural Gas is up .156 cents today alone.  
Problem with this is VII is overhedged on it on a low value.  Like to see some NGL's make up some of the difference.  

Show me some good news - sea of red today.  Have 2 buttons - B & S - buy and sell and still on B side 
Or if you want to take it another way it could be BullSh..... scenario right now.  LOL.

[dalerules88]

we're not "overhedged" - hedges for Q3, per MD&A, are 260MMbtu/d, so that's about 43,000 bb/d equivalent; Q3 gas production was around 85,000 bb/d equivalent, so we're about 51% hedged. the hedges will have a "paper" loss but these are still sales, so still cash flow, be it at lower prices, and the other half of the production is basically priting cash at these

[TUMONE1]

Fair enough. As I stated in earlier posts we should see gas move higher. As far as WTI goes I think most our looking at the short-term picture as when some said we are in a full bear market in oil (BNN) - not so. We need to break 52 for that to happen.  Since we have fallen fast and hard - were looking at bottoming out here in the 55/57 range. For Algos to really kick in we need to see oil

[dalerules88]

I agree on gas going higher. I don't know how much room AECO has to run, pretty mild winter out west so far, but Nymex could go to five bucks, it seems, if we get a cold winter. Storage is way too low, IMO. In any case, VII's dry gas is now the hedge agains the ridiculous Alta oil complex discounts, that might help Q4 nicely, as far as cash flow goes. On the WTI call, that's tough, if