RE:RE:RE:RE:RE:RE:september production resultsPlus what will bank debt interest rates be corparately for 2023 with the insantity of the canada central bank. 7 or 8 percent maybe more. We all have to pay for justin trudeau debt binge.
kavern23 wrote: I didn't see slides but ironically going down to 60m capex was what I was thinking the last time I was analyzing things and thinking about impacts of those gushers, have more options now. I hope it is true and it could be.
I think YGR is going to try as hard as possible to finish year end debt as close to 125M as possible. Probably through lower capex plus higher fcf in q3 and q4.
So by going to a 60m capex in 2023, they probably could become debt free by end of year 2023 with not wildly crazy high com prices and still produce 14000 ish boe.
But this will means 2024 is 14000 boe instead of 16000.
I think this is smart way to go. YGR can have more impact on stock price by being debt free by end of 2023 then producing another 2k boe....like who cares if YGR is 14 or 16k boe.
YGR management team seems driven by financial returns and this is what I think may be happening.
Really good man if the case. Really good. Shorts become f*cked faster.
I think YGR can hold 14k boe range for awhile going forward on 60 m capex. And then pay rest in divys.
But becoming debt free is the way to go for energy companies.
quote=fullyautomatic]Yeah man- I noticed the location, didn't know the length, but the boomers are short fan shape in right in that area. Nice to see they are trying to tweak the approach.
Did you see those NBF slides projecting capex at $60M for 2023- gotta be wrong isn't it?
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