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

My Take Part2

[retiredengexec]

I was going to extol the virtues of the deal until I looked at the reserve reports. VII 10.2 b and Arx 4.8 b. WTF? I know HP doesnt believe them but at a minimum they can keep q flat for twenty years. Even with 50 dollar wti the Npv 10 is 6 b or 18 bucks today. So the question is what in god's name caused CPPIB to hit Graham Norton red button? Something smells here.

[topdown99]

Hey retired , doesn't CPPIB only hold 16% ? I keep hearing this is a done deal , how much of the float has a free say in this vote ? Any ideas ?

[retiredengexec]

T Rowe is a big holder. Let me look into it

[retiredengexec]

Eyeballing the I holders shows about 55 percent private and 45 per cent float.

[Robertboblaw]

So given such large fund holding between CPP and all the other funds, is there any chance at all all the funds werent acting in cooperation in this offer? Are they bascially 100% likely to decide the ultimate fate of VII with little voting power for individual investors? Those results for 2020 look pretty solid given all that transpired this year and VII has massive potential as a standalone

[Natgasgas]

This deal is about scaling up and high grading the talent from the VII team

[MyHoneyPot]

The cost of scaling up management, Reducing your reserves by 2.7b or rougly 2 billion dollars.  Significantly reducing your condensate weighting on a boe basis.  Reducing your cash flow on a per share basis. Having an inferior overall resource base.  Dumb dumb dumb management, they destroyed the share holder value, and did not focus on managing the investors of

[retiredengexec]

NGG. Scaling up really, I mean really. 110 million of savings will only take 55 years to pay out the $5,500,000,00 in lost reserve value. On an npv 10 basis it will never be made up. The deal is beyond dumb its, I m looking for the right here. Ah yes insanely stupid.

[MyHoneyPot]

I told you those reseve reports, do not carry a lot of weight. As in the case of this deal, they ignored the reserve report entirely? Or do you think they consider the Arx management worth a  5 billion dollar bump up in reserves value? Basiclly they getting equal value, and when i look on a cash generation basis it does not make sense to me at all. IMHO

[retiredengexec]

Totally agree HP