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Opinions Gerard Ferguson
Seven Generations Energy LtdVII.TOTOP PICKAug 09, 2016
Gerard FergusonStock price when the opinion was issued
As of Apr 07, 2021. Market Open.
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Eric NuttallEric NuttallEric NuttallHe thinks natural gas will be the energy of the future. He is not an energy expert. He has gone with Peyto. Consider taking small positions when there are big market down days. But they must be good companies that will survive. 7 out of 10 of these companies may go under. Think of them as call options.
Brian Acker, CAVII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.
Eric Nuttall
This came from nowhere 5 years ago, to now producing 125,000 barrels of oil equivalent. They’ve done a great job. It is being driven by the fact that they have one of the best resource plays in North America, in the Montney in Western Canada. They have 10 years plus of inventory that they have just added to. Have also done a great job of reducing costs.