|Bid||2.5000 x 0|
|Ask||2.5100 x 0|
|Day's Range||2.2000 - 2.9000|
|52 Week Range||1.1500 - 10.9100|
|Beta (5Y Monthly)||2.49|
|PE Ratio (TTM)||1.84|
|Earnings Date||Apr. 30, 2020 - May 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.49|
Unfortunately for some shareholders, the Seven Generations Energy (TSE:VII) share price has dived 56% in the last...
To the annoyance of some shareholders, Seven Generations Energy (TSE:VII) shares are down a considerable 69% in the...
Plunging oil prices are prompting Canadian energy firms to shelve hundreds of millions in capital spending as the oil patch braces for a flood of cheap crude hitting global energy markets.
Seven Generations Energy reduces 2020 capital investment plan in response to challenging global energy prices
CALGARY — The CEO of the Canada Pension Plan Investment Board says Monday's oil price crash and stock market selloff will hurt Canadian energy companies that have weak balance sheets and high debt.But Mark Machin says those with strong books will survive — and companies with money should be following his organization's example and looking at buying opportunities."Things are certainly not as expensive as they were yesterday. That's definitely the case," he said during a speech in downtown Calgary."This could be a really interesting time for those of us that have the money to invest."On Sunday, Saudi Arabia slashed its official crude selling price after OPEC talks with Russia broke down without producing an agreement on production cuts.Benchmark U.S. West Texas Intermediate oil fell by more than 26 per cent on Monday and the S&P/TSX Capped Energy Index, which tracks the value of Canada's biggest oil and gas companies, closed 27 per cent lower.Damage to the Canadian economy and the energy sector will depend on how long low oil prices continue, said Machin, the head of the organization that manages about $420 billion for Canada's national pension fund.Investments in the oil and gas sector remain attractive despite increasing attention being paid to climate change because demand for fossil fuels is expected to remain strong for many years, he said.CPPIB investments include Calgary-based energy companies such as Seven Generations Energy Ltd., Wolf Midstream and Teine Energy Ltd.Last year, Premier Jason Kenney created the Fair Deal Panel in part to look at Alberta pulling out of the Canada Pension Plan in favour of its own pension fund, one that he said would benefit from being backed by the younger population in the province. Machin defended the CPPIB's investing record, however, noting it is protected from events like Monday's market crash by its diversified portfolio of investments in assets around the world."This is the cornerstone of the retirement system in Canada, which really is the envy of the world," he said, adding some other national pension plans have failed to live up to their obligations to retirees. "Frankly, I wouldn't want to be an Albertan retiree and missing out on opportunities that we can provide and the security we provide." He said the CPPIB has 2.8 million contributors in Alberta and has invested $11 billion in the province, about 18 per cent of its total investments in Canada.This report by The Canadian Press was first published March 9, 2020.Companies in this story: (TSX:VII)Dan Healing, The Canadian Press
Even if it's not a huge purchase, we think it was good to see that Marty Proctor, the President of Seven Generations...
Pension experts see the CPP enhancement as a retirement income security. But investments in the WSP Global stock and Seven Generations stock could serve as CPP supplements.
Day-trading and over-contributing are two instances where the CRA will be at your back. If you can avoid these mistakes and be patient, the potential gains from the Seven Generations are all tax-free.
TFSA users should watch out for Seven Generations stock and BlackBerry stock. Both have bright prospects in 2020. However, you can’t frequently trade the stocks within your TFSA, or you risk losing its tax-free benefits.
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If WSP Global Inc. (TSX:WSP), Canadian Natural Resources Ltd (TSX:CNQ)(NYSE:CNQ), and Seven Generations Energy Inc. (TSX:VII) are among the CPP Investment Board’s top five stock holdings, then the stocks could be considered good investment prospects.
Looking for big upside? This group of explosive penny stocks, including Kinross Gold Corporation (TSX:K)(NYSE:KGC), might provide the pop you're looking for.