Edition:
United Kingdom

Seven Generations Energy Ltd (VII.TO)

VII.TO on Toronto Stock Exchange

18.10CAD
18 May 2018
Change (% chg)

$-0.14 (-0.77%)
Prev Close
$18.24
Open
$18.35
Day's High
$18.61
Day's Low
$18.02
Volume
1,285,078
Avg. Vol
1,017,607
52-wk High
$26.63
52-wk Low
$13.62

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

CANADA STOCKS - TSX rises on Nutrien boost

NEW YORK, May 8 * The Toronto Stock Exchange's S&P/TSX rose 34.08 points, or 0.22 percent, to 15,842.71. * The biggest contributor to the TSX gain was Nutrien LTD with 7.82 net index points in the wake of its quarterly earnings late Tuesday. That helped boost materials sector as the top contributor with 13.76 net points. * Leading the index were Nevsun Resources Ltd, up 16.8 percent, IAMGOLD Corp, up 8.9 percent, and Valeant Pharmaceuticals International Inc, higher by 8.9 percent. *