Post by
MyHoneyPot on Feb 10, 2021 3:10pm
Management Need to change Investor Presentation
Doesn't look to smart to me to have 45 U.S. hedges for 2021 for you condensate when you can likely get 60 dollars USA for hedges for condensate. That really a $44 dollars US price they hedged 30% of their production against.
Maybe that sounded good when oil collasped but it is old news, the investor relations teams needs to give their head a shake. These hedges will push people away and not encourgage them to invest in VII Generations
My feeling is that VII generations seems bloated, they need to take meaningful action to create share holder value.
IMHO
Comment by
Robertboblaw on Feb 10, 2021 6:37pm
I highly doubt they've added anything to their 2022 hedge book. I'm ok with 2021 as is as I believe it's priced into the current share price. I just hope they're all in on oil (and their gas hedges stay as is) 2022 and on. GLTA