RE:Short term blowdown cost = $11/boeoilyexec,
In Q4 YGR got $31.13 average sales price.
Oil was $67 and 29.5% of boe. NGLs were $19.65 and 15.4% of boe. NG was $2.48 and 55% boe.
Oil is about $27ed in cdn or $8boe sell price at 29.5% of production boe. Assume NGL are $18 on the high side, then $2.77boe sell price for NGLs. NG at $2.0 *6 * 55% = $6.6boe sell price. $8+$2.77+$6.6=$17.37boe sales price right now. $17.37 - $11 = $6.37 * 10,800boepd blowdown * 365 = $25million in FCF for the next 365 at today's prices according to your $11boe.
After 365 days they have about $160mm in debt and be about 4x leverage TTM(assuming $7boe op cost).
YGR will survive one year according to your math. In the second year they will go well above 5x leverage and in trouble with their bank. Many companies can survive this long. The only hope is covid19 blows over by 365 days and $wti goes above $40, then YGR can live long term.
Thanks for your clarifying math on the 'blowdown'.