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Seven Generations Energy Ltd (VII.TO)

VII.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Seven Generations Energy's ‍board approves 2018 capital investment of $1.675 bln to $1.775 bln
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Seven Generations Energy Ltd :Seven Generations Energy Ltd - ‍board of directors has approved 2018 capital investment of $1.675 to $1.775 billion​.Seven Generations Energy Ltd - co's 2018 capital investment is expected to grow production next year by an estimated range of 14 to 20 percent.Seven Generations Energy Ltd - ‍2018 capital investment will target an average production range of 200,000 to 210,000 boe/d in 2018​.Seven Generations Energy Ltd - ‍2018 capital investment will build longer-term capacity to produce 220,000 to 240,000 boe/d in 2019​.Seven Generations Energy Ltd - ‍2018 capital investments expected to drive production through 2019​.  Full Article

Seven Generations Energy Ltd Q3 FFO per share ‍$0.78​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Seven Generations Energy Ltd :Seven Generations delivers $284 million of funds from operations in third quarter, up 22 percent per share.Seven Generations Energy Ltd - ‍production averaged 183,920 BOE/d in Q3 of 2017, up 39 percent​.Seven Generations Energy Ltd - qtrly FFO per share ‍$0.78​.  Full Article

Seven Generations Energy's change of control offer for 6.875% senior notes due 2023 expires without any noteholders tendering to offer
Wednesday, 12 Oct 2016 

Seven Generations Energy Ltd :Seven Generations Energy - change of control offer for 6.875% senior notes due 2023 expires without any noteholders tendering to offer.  Full Article

Paramount Resources says entered $100 mln secured revolving credit facility
Thursday, 18 Aug 2016 

Paramount Resources Ltd : Paramount Resources Ltd announces closing of Musreau / Kakwa asset sale to Seven Generations . Repaid all outstanding indebtedness (being approximately $230 million) under its prior $350 million revolving credit facility .Entered into a new $100 million secured revolving credit facility with a Canadian Chartered bank.  Full Article

Seven Generations reports Q2 production, funds from operations
Thursday, 4 Aug 2016 

Seven Generations Energy Ltd :Seven Generations continues robust growth in production and funds from operations in the second quarter of 2016.  Full Article

Seven Generations Energy produced 117,353 boe/d in Q2
Thursday, 4 Aug 2016 

Seven Generations Energy Ltd : Seven generations continues robust growth in production and funds from operations in the second quarter of 2016 . Produced a record 117,353 barrels of oil equivalent per day (boe/d) in Q2 of 2016, up 116 percent from Q2 of 2015 . Sees 2016 planned capital investments to be between $1.05 billion to $1.10 billion .Subject to expected closing of acquisition, 7g has revised its 2016 guidance for production to 120,000 to 125,000 BOE/D.  Full Article

Seven Generations to buy neighbouring montney assets for about $1.9 bln
Wednesday, 6 Jul 2016 

Seven Generations To Significantly Expand High : Deal consideration consists of cash, 7g shares and assumption of a portion of paramount's debt . Expect net debt to cash flow ratio to be approximately neutral at end of 2016 . Expect to have sufficient cash and funds from operations to finance anticipated 2017 capital investments . Expects net debt to cash flow ratio to be approximately neutral at end of 2016 . 2016 capital investment is planned at $1.05 billion to $1.1 billion, up from original range of $900 million to $950 million . Q2 2016 production is estimated at more than 115,000 boe/d . Growth kakwa river project with agreement to acquire neighbouring montney assets for about $1.9 billion . Transaction adds 155 net sections of montney land, about 30,000 boe/d of production . Nest consolidation to boost 2016 production guidance to 120,000 - 125,000 boe/d . Transaction expects it to be accretive within first year of ownership on cash flow, production, reserves per share basis . Concurrent with transaction, entered into $650 million bought deal financing . Proceeds from bought deal financing will be used to fund cash portion of acquisition .On track to surpass original 2016 production guidance of 100,000 to 110,000 boe/d.  Full Article

Seven Generations Energy Ltd gives FY 2016 production guidance
Wednesday, 4 May 2016 

Seven Generations Energy Ltd:Expects FY 2016 production to average 100,000 to 110,000 boe/d, which, at the midpoint.  Full Article

Seven Generations Energy Ltd gives FY 2016 production guidance
Wednesday, 9 Mar 2016 

Seven Generations Energy Ltd:Expects FY 2016 production to average 100,000 to 110,000 boe/d.  Full Article

Seven Generations Energy Ltd announces $260 million common share private placement financing
Tuesday, 9 Feb 2016 

Seven Generations Energy Ltd:Has agreed to issue 18,571,600 common shares at a price of $14.00 per share for gross proceeds of approximately $260 million in a bought deal private placement financing.  Full Article

CANADA STOCKS-TSX breaks six-day losing streak as banks rise, energy stocks lag

TORONTO, Nov 16 Canada's main stock index broke a six-day losing streak on Thursday, helped by gains among its biggest banking stocks as bond yields rose, while continued weakness in oil prices weighed on its energy companies.