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

Energy
"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

TSX:VII - Post Discussion

Seven Generations Energy Ltd. class A common shares > Any chance?
View:
Post by ngtraderng on Apr 17, 2020 3:34pm

Any chance?

Is there any chance VII survives? 40% decline rate and over $2 billion in debt. No profits at current strip.
Comment by retiredengexec on Apr 17, 2020 4:23pm
Yes they will. Despite your correct comments their hedges are good and if they quit drilling they could have a decent year. Why wouldn't they stop drilling? Arrogance or they think this is a blip. Either way they should be contingency planning.
Comment by Kramerkarma on Apr 17, 2020 7:44pm
I like how you reply. Thanks. And sorry all for overloading the board there.
Seven Generations Energy Ltd. class A common shares
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