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Opinions Craig Porter
Seven Generations Energy LtdVII.TOTOP PICKNov 21, 2016
Craig PorterStock 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 is in the Montney and they are drilling liquids rich gas. They know how to keep the costs down. Almost 200,000 barrels a day. This is a management team that has built companies before and are doing it again. One of the lowest cost plays in the Montney. Although they are producing natural gas, there are a lot of liquids that come along with it. (Analysts’ price target of $38.16.)