Bullboard - Stock Discussion Forum Seven Generations Energy Ltd. class A common shares T.VII

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"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... see more

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Seven Generations Energy Ltd. class A common shares > Condensate (45-70)

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Post by MyHoneyPot on Nov 11, 2018 6:10pm

Condensate (45-70)

Synthetic crude is generally 32.5 API, where condensate is in the range of 45 API to 70 API. So even though synthetic can be used. It is much lower API and i am guessing they would need to use more of it.

Synthetic usually trades at a premium as well because it can more easily be refined.

IMHO

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Comment by Duxing on Nov 11, 2018 11:42pm

You were right. That is why synthetic is traded at a larger discount than condensate. Synthetic is an option for dilutent only at current market conditions. Once its price gets improved, nobody wants ito use it as dilutent. However it will remain as a strong competitor to condensate for a while

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Seven Generations Energy Ltd. class A common shares