Last C$18.15 CAD
Change Today 0.00 / 0.00%
Volume 0.0
VII On Other Exchanges
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As of 4:00 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

seven generations energy - a (VII) Snapshot

Open
C$17.98
Previous Close
C$18.17
Day High
C$18.38
Day Low
C$17.92
52 Week High
11/10/14 - C$24.71
52 Week Low
01/15/15 - C$14.25
Market Cap
4.4B
Average Volume 10 Days
322.7K
EPS TTM
--
Shares Outstanding
245.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SEVEN GENERATIONS ENERGY - A (VII)

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seven generations energy - a (VII) Details

Seven Generations Energy Ltd., an independent petroleum company, focuses on the acquisition, exploration, development, and production of oil and natural gas in western Canada. The company engages in the development of the Kakwa River project, a natural gas property covering approximately 350,000 net acres in the Kakwa area of northwest Alberta. As of July 1, 2014, it had gross proved plus probable reserves of 649 million barrels of oil equivalent (MMboe); and estimated contingent reserves of 728 MMboe. Seven Generations Energy Ltd. was incorporated in 2001 and is headquartered in Calgary, Canada.

42 Employees
Last Reported Date: 10/29/14
Founded in 2001

seven generations energy - a (VII) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$306.3K
Chief Financial Officer
Total Annual Compensation: C$268.5K
Senior Vice President
Total Annual Compensation: C$235.0K
Vice President of Corporate Planning
Total Annual Compensation: C$216.3K
Vice President of Development
Total Annual Compensation: C$185.5K
Compensation as of Fiscal Year 2013.

seven generations energy - a (VII) Key Developments

Seven Generations Energy Ltd. Reports 2014 Year-End Reserves and Updates Business Plan

Seven Generations Energy Ltd. reported the results of its December 31, 2014 independent reserve assessment prepared by McDaniel & Associates Consultants Ltd. in accordance with Canadian reporting standards. The report follows the most recent report with an effective date of July 1, 2014, which was prepared for the company's initial public offering that closed in November 2014. The Company is also updating its business plan in response to persisting low commodity prices and announced that it has adjusted its 2015 capital budget downwards by $250 - $300 million, resulting in a revised program size of $1.30 to $1.35 billion. The Company plans to defer spending of approximately $200 - $250 million and also expects, through negotiations with suppliers and business partners, to capture additional cost savings on 2015 projects of at least $50 million, resulting in an aggregate spending reduction of approximately 15% - 20% from the earlier announced budget of $1.60 billion. Despite these reductions, the Company is affirming its production guidance, anticipating 2015 production to be between 55,000 and 60,000 boe per day. The Company plans to effect these reductions largely by deferring spending on wells in lands outside of the region that the Company calls the Nest, and deferring spending on establishing the potential of other exploratory zones within its lands. The company continues to realize efficiencies in drilling, enabling it to reduce its drilling fleet from a recent peak of 14 rigs to the presently engaged 10 rigs. The company has initiated but not completed work on an in-process inventory of 47 new wells. Bringing these wells on production, with a significant proportion of the capital already dedicated, should be sufficient to meet the Company's original production guidance for 2015. Meeting its 2016 and 2017 projections will require the Company to drill more wells and add facilities. 7G plans to finish the expansion of its Lator refrigeration plant to its 250 MMcf/d rich gas sales capacity and to initiate the construction of a second refrigeration plant which, when complete in 2016, will provide processing capacity for 500 MMcf/d and allow the company to continue to profitably deliver rich gas volumes into its firm transportation commitments.

Seven Generations Energy Ltd. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 12:10 PM

Seven Generations Energy Ltd. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 12:10 PM. Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: Christopher Law, Vice President of Corporate Planning, Glen Nevokshonoff, Vice President of Development.

Seven Generations Energy Ltd. Provides Production Guidance for Fourth Quarter and Full Year of 2014

Seven Generations Energy Ltd. provided production guidance for fourth quarter and full year of 2014. For the fourth quarter, estimated production averaged approximately 43,500 boe/d. This estimate represents a 275% increase over fourth quarter 2013 and a 21% increase over third quarter 2014 production volumes. The average annual production rate for 2014 was approximately 30,800 boe/d, which compares favourably to guidance of 27,000 - 30,000 boe/d and is approximately 300% higher than the average annual production rate in 2013.

 

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Price/Earnings 47.8x
Price/Sales 7.7x
Price/Book 3.4x
Price/Cash Flow 21.6x
TEV/Sales 7.4x
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