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SVRGF - Seven Generations: Smart Capital Allocation Decisions
Seven Generations Energy Ltd. - Class A
Seven Generations (SVRGF) released its Q1 results in line with expectations. Management confirmed the focus on reducing the net debt and repurchasing shares with the free cash flow.
Considering the growing free cash flow potential and the low debt, I expect the company to repurchase the maximum allowed number of shares under the current program.
Based on my 2019 free cash flow estimate, the 12% free cash flow yield isn't the most attractive in the Canadian oil and gas industry. But, thanks to its low debt, the company has much more flexibility to