RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern - Any update on production of those new wells? And it is nice the forecasted prices ygr uses in their presentation versus ipo.
ygr is using 100 cad and ipo is using 117 cad. Oil in Edmonton par is like 106.50 right now.
Ipo uses 117 cad. Ygr uses 4 bucks aeco and ipo uses 6.
I mean the blunt reality is both ygr and ipo are going to have trouble matching their q2 financials as ng was like over 7.50 for both and oil was nuts.
But ygr can offset q3 lower prices by having oil much high then the 2200-2300 barrels of oil they did in q2. 800-1000 higher on oil is doable. But ipo best case scenario is holding oil compared to q2 flat unless sept has some wild tie ins. They could even be a few hundred lower, ipo is strong on holding on ng. Oil is the net back gravy, that is what has my attention. Getting some nice wells will help ygr.
Some of the good ferrier oil side wells can do do over 200 in month 10. Be a nice boost.
Ygr should be able to cf 90m in last 6 months of 2022, even with lower commodity prices.
with chances of higher depending on how sept ferrier 4 wells do. Finally lining up. Gettting more and more tempted to be back in this bulls*t. Don't need Canada post loan although good to know, actually in zero stocks in trading margin account. In nothing.
pennydredful wrote: YGR spent more money on intrastructure that reduces or keeps costs low ---like oil storage tanks, tanker transport trucks , production and drilling tools and site clearing equipment etc.