Seven Generations (SVRGF) reported strong Q2 results. Also, management highlighted its intention to take advantage of the low stock price by expanding its share repurchase program.
After having a close look at the Q2 results, I'll discuss the powerful impact of the stock buyback program in the current conditions.
Image source: 7genergy.com
Note: All the numbers in the article are in Canadian dollars unless otherwise noted.
Q2 results
During Q2, production grew by 8% year-over-year and reached 201,800 boe/d with a stronger 10% condensate production increase.
Source: Q2 2019 MD&A
These results are