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Opinions Gerard Ferguson
Seven Generations Energy LtdVII.TOHOLDFeb 08, 2018
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
One of his long-term holdings. A painful holding if you look at the graph. They are siting on a massive resource. They have had some execution problems. Liquid-rich type of gas. Not delivering on their production targets. That created some concern in the marketplace. He thinks they are back on track now. It will take some quarters for the market to regain confidence on Management. It is going to be a late 2018 story.