VII.TO - Seven Generations Energy Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
9.04
-0.25 (-2.69%)
At close: 4:00PM EDT
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Previous Close9.29
Open9.27
Bid9.04 x 0
Ask9.06 x 0
Day's Range9.00 - 9.57
52 Week Range5.99 - 16.50
Volume2,158,206
Avg. Volume1,060,660
Market Cap3.148B
Beta (3Y Monthly)0.26
PE Ratio (TTM)4.38
EPS (TTM)2.06
Earnings DateOct 29, 2019 - Nov 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est13.04
  • A Close Look At Seven Generations Energy Ltd.’s (TSE:VII) 13% ROCE
    Simply Wall St.

    A Close Look At Seven Generations Energy Ltd.’s (TSE:VII) 13% ROCE

    Today we'll look at Seven Generations Energy Ltd. (TSE:VII) and reflect on its potential as an investment. To be...

  • WeWork Mystery: Who Owns 75% of Its Junk Bonds?
    Bloomberg

    WeWork Mystery: Who Owns 75% of Its Junk Bonds?

    (Bloomberg Opinion) -- To get a sense of how the market feels about the day-to-day drama coming out of WeWork, investors have little choice but to turn to its bonds.After all, the company has no publicly traded shares — and, if the latest twist in its saga is to be believed, that might be the case for longer than anticipated. Executives of WeWork and its largest investor, SoftBank Group Corp., are discussing whether to shelve plans for an initial public offering, people with knowledge of the talks told Bloomberg News. On top of that, the office-rental company may rely on junk bonds for funding for the foreseeable future or even explore a whole-business securitization, a WeWork executive said, according to a person familiar with the matter.Not surprisingly, WeWork’s junk bonds are tumbling. They fell below 100 cents on the dollar on Tuesday for the first time since the company filed to go public last month, with both the number of trades and overall volume reaching the highest in about a month. While a dip below face value doesn’t inherently spell doom, it’s nevertheless a sign that the bad news is starting to take its toll on investors.But here’s the mystery: Who exactly are those investors?We know who holds about 25% of WeWork’s $669 million in high-yield debt due 2025 because Bloomberg aggregates data from the most recent public filings. So, for instance, Lord Abbett & Co. held about $43.8 million as of May 31, or about 6.5%. The second-largest holder is Allianz SE, which includes funds from Pacific Investment Management Co.; grouped together, it owns about $21 million, or a bit more than 3%. Three State Street Corp. exchange-traded funds hold a combined $9.6 million, or 1.44%. In the period through July 31, funds from TIAA-CREF and Ameriprise Financial Inc. pared back their exposure. Still, that’s far from a complete picture. Only knowing who owns 25% of a company’s bonds is minuscule, even for the high-yield market. WeWork makes up about 0.05% of the Bloomberg Barclays U.S. Corporate High Yield Index. Here’s a sampling of other debt with nearly identical weightings and comparable maturities, and how much of its ownership is public:Lamar Media Corp. bond maturing in 2026: 47% known Seven Generations Energy bond maturing in 2025: 72% known J2 Global bond maturing in 2025: 51% known Navient Corp. bond maturing in 2021: 57% known Antero Resources Corp. bond maturing in 2023: 67% known CVR Partners LP bond maturing in 2023: 64% knownSuffice it to say, bonds in the high-yield index with lower publicly reported ownership than WeWork are few and far between. So if active money managers, ETFs, pensions(1) and life insurers make up only a quarter of investors, who else is left?  Hedge funds would be a likely place to start looking. WeWork’s bond matures in less than six years and offers a yield of more than 8%. (At the height of the rally last month, it yielded closer to 7%.) The Bloomberg Barclays high-yield index has a comparable average maturity of 5.76 years, but its yield is just 5.6%. There’s been no indication that SoftBank and its affiliates own any of the securities, but they do own about 29% of WeWork stock, which shows just how much the Japanese conglomerate has riding on the company’s success. Opportunistic investors appear to have jumped into WeWork’s bond at least twice this year. The bond soared after the company’s April 29 announcement that it filed paperwork confidentially with the Securities and Exchange Commission to hold an IPO and then again after it filed its S-1 prospectus in August. As I wrote in May, an IPO could give WeWork a cash injection that ought to cover interest for a while. It would also give bondholders a layer of protection in the capital structure because public shareholders would take the biggest hit if WeWork fizzles.These big investors, whoever they may be, can’t be feeling too comfortable right now, given the state of the IPO. As for We Co., the parent of WeWork, becoming a regular presence in the capital markets, I’ll just say this: It’s one thing to be Netflix Inc. — whose stock price has more than doubled since the start of 2017 — and tap the high-yield bond market again and again (its bonds maturing in 2026 have 73.5% public ownership). It’s quite another to be WeWork, given that its IPO range could wind up closer to $20 billion, compared with the $47 billion valuation it had earlier this year. There is no shortage of investors, analysts and commentators who see WeWork as the height of market folly. It’s a company with an unusual corporate structure and a business model that seems destined to implode when the economic cycle turns.So far, the bond market isn’t convinced that WeWork is about to crash and burn. That is, if anyone can trust trading among investors who are largely unknown.(1) The California Public Employees' Retirement System, or Calpers, held about $2.6 million of the bond as of June 30, data compiled by Bloomberg show. It's possible other pension funds don't disclose such precise figures.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Seven Generations Energy (TSE:VII) Has A Somewhat Strained Balance Sheet
    Simply Wall St.

    Seven Generations Energy (TSE:VII) Has A Somewhat Strained Balance Sheet

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Thomson Reuters StreetEvents

    Edited Transcript of VII.TO earnings conference call or presentation 31-Jul-19 3:00pm GMT

    Q2 2019 Seven Generations Energy Ltd Earnings Call

  • An Examination Of Seven Generations Energy Ltd. (TSE:VII)
    Simply Wall St.

    An Examination Of Seven Generations Energy Ltd. (TSE:VII)

    I've been keeping an eye on Seven Generations Energy Ltd. (TSE:VII) because I'm attracted to its fundamentals. Looking...

  • Moody's

    Seven Generations Energy Ltd. -- Moody's changes Seven Gen's outlook to stable

    At March 31, 2019, the company had minimal cash and full availability under its C$1.4 billion revolving credit facility due 2023. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.

  • PR Newswire

    EnerCom Posts Presenter Schedule for Day Two of The Oil & Gas Conference® 2019

    70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference DENVER , June 19, 2019 /PRNewswire/ --  EnerCom has released the presentation ...

  • Could The Seven Generations Energy Ltd. (TSE:VII) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The Seven Generations Energy Ltd. (TSE:VII) Ownership Structure Tell Us Something Useful?

    A look at the shareholders of Seven Generations Energy Ltd. (TSE:VII) can tell us which group is most powerful...

  • Seven Generations Energy Ltd. (TSE:VII) Insiders Increased Their Holdings
    Simply Wall St.

    Seven Generations Energy Ltd. (TSE:VII) Insiders Increased Their Holdings

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Thomson Reuters StreetEvents

    Edited Transcript of VII.TO earnings conference call or presentation 3-May-19 3:00pm GMT

    Q1 2019 Seven Generations Energy Ltd Earnings Call

  • Business Wire

    Seven Generations Energy Delivers $339 Million of Adjusted Funds Flow or $0.95 Per Share

    Strong liquids production, improving regional condensate pricing and reduced operating costs contribute to expected free cash flow generation in 2019

  • Business Wire

    Seven Generations Reports Director Election Voting Results

    Seven Generations Energy Ltd. reports director election voting results from its annual meeting of shareholders held on May 1, 2019 , as set forth in the table below.

  • Seven Generations Energy Ltd. (TSE:VII): Are Analysts Bull Or Bear?
    Simply Wall St.

    Seven Generations Energy Ltd. (TSE:VII): Are Analysts Bull Or Bear?

    The most recent earnings update Seven Generations Energy Ltd.'s (TSE:VII) released in December 2018 signalled that the company faced a substantial headwind with ea...

  • Leith Wheeler Canadian Equity Fund Goes 2 for 2 in 4th Quarter
    GuruFocus.com

    Leith Wheeler Canadian Equity Fund Goes 2 for 2 in 4th Quarter

    The Leith Wheeler Canadian Equity (Trades, Portfolio) Fund disclosed in its fourth-quarter 2018 portfolio, which was released earlier this week, that it established two new positions and exited two others. Warning! GuruFocus has detected 3 Warning Sign with TSX:GWO. With the goal of generating superior long-term returns while protecting capital, the fund, which is part of Leith Wheeler Investment Counsel, uses bottom-up, fundamental analysis to find potential investments among a diverse number of undervalued Canadian companies that have stable earnings, long-term business models and good management.

  • Does Seven Generations Energy Ltd. (TSE:VII) Have A Good P/E Ratio?
    Simply Wall St.

    Does Seven Generations Energy Ltd. (TSE:VII) Have A Good P/E Ratio?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how...

  • Thomson Reuters StreetEvents

    Edited Transcript of VII.TO earnings conference call or presentation 28-Feb-19 4:00pm GMT

    Q4 2018 Seven Generations Energy Ltd Earnings Call

  • Introducing Seven Generations Energy, The Stock That Dropped 42% In The Last Three Years
    Simply Wall St.

    Introducing Seven Generations Energy, The Stock That Dropped 42% In The Last Three Years

    For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fallRead More...

  • Business Wire

    Seven Generations delivers $1.67 billion of adjusted funds flow, or $4.60 per share, up 36 percent in 2018

    Proved plus probable reserves valued at $12.3 billion by independent reserve evaluator as of December 31, 2018

  • Reuters

    CANADA STOCKS-TSX flat as losses in energy shares eclipse trade hopes

    Canada's main stock index was little changed on Monday, as hopes of progress in resolving U.S.-China trade dispute was offset by a drop in energy shares. * At 9:37 a.m. ET , the Toronto Stock Exchange's ...

  • ACCESSWIRE

    Today's Research Reports on Chinook Energy, Seven Generations Energy, Madalena Energy and Freehold Royalties

    NEW YORK, NY / ACCESSWIRE / January 28, 2019 / The Market Wealth Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...

  • Seven Generations Energy Ltd. (TSE:VII) Earns Among The Best Returns In Its Industry
    Simply Wall St.

    Seven Generations Energy Ltd. (TSE:VII) Earns Among The Best Returns In Its Industry

    Today we'll look at Seven Generations Energy Ltd. (TSE:VII) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as that can Read More...

  • Reuters

    CANADA STOCKS-TSX down after 5-day rally, still eyes biggest weekly gain in 3 years

    Energy stocks led Canada's main stock index lower on Friday, a day after TSX hit a more than one-month high following a five-day rally. Still, the index is on pace to post its biggest weekly gain in nearly ...

  • GlobeNewswire

    Seven Generations’ board approves $1.25 billion capital budget in 2019

    Seven Generations Energy’s Board of Directors has approved a 2019 capital investment budget of $1.25 billion that is expected to be funded from operations and that, given the current price environment, strikes a reasoned balance between current production and future growth projects. “Our 2019 budget maintains our balance sheet strength while making prudent investments that position us for greater profitability when commodity prices and market conditions recover. 7G’s 2019 capital investments are expected to be approximately half a billion dollars lower than they were in 2018.

  • ACCESSWIRE

    Today's Research Reports on TAG Oil, Canadian Natural Resources, Baytex Energy and Seven Generations Energy

    NEW YORK, NY / ACCESSWIRE / December 19, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...