Post by
MyHoneyPot on Feb 10, 2021 9:45pm
Paramount is now the Pure Play Montney Condensate King....
I think both they companies are very much alike, merging them will get the cost structure down. VII generations needed a year to fix their balance sheet and my guess is that ARC was a quicker solution.
I guess everyone know i own POU up to my eyeballs, so they are now the Pureplay Montney condensate kings, and VII generations will need to become a competative company, i expect a lot of layoffs there and some significant salary cuts.
I really thing VII gens is the diamond, and ARC has a tremendous CEO that the investors in VII Generations wanted. I also like ARC CFO and if i remember correctly VII Generations CFO existed painted pony to come to VII Generations.
All in all i think it is a good deal, getting rid of the VII generations president will add a lot of value to the deal.
It leave a voild for someone who wants to invest in a pure play condensate kind, i guess POU will fill the VOID.
IMHO
Comment by
regardless on Feb 10, 2021 9:52pm
Makes sense now that nuttal put a 21$ target on seven gems yesterday myhoneypot are you gonna hold long on this merged company? arc was also 33$ in 2014 before the crash and with 1/4 of the production
Comment by
Robertboblaw on Feb 10, 2021 10:04pm
Nuttal is seldom right about much. The fact he's said anything about VII has me more nervous tbh