Rex - Bne and YGRRex..nothing we say on stockhouse will do anything to stock prices...I don't own YGR or BNE...you own BNE so you have to be positive. If I did own YGR right now...I would ride out this storm and not look for a couple months.
Q1 Actuals mean more than that presentation BNE has up. Actuals are real...presentation are made too atract retail investors.
BNE's cashflow from operations was 24m in Q1 on 13,500 BOE on averaged recieved prices 96 cad for oil...55 for NGL's and 3.78 for NG.
Let's say BNE averages 14500 boe for Q2 (I actually think they wont as BNE was effected abit by wildfires)...April is going to be peak production month for BNE.
Bne is going to casflow from operations (if they are lucky) 28-32m in Q2. Still going to have some capex in Q2. After first 6 months of 2023...BNE wont have cashdlow matching capex.
My prediction is BNE is going to wait and lower guidance saying wildfires at some point here.
These wildfires have probaby helped YGR more than BNE and by alot. Summer Aeco prices are all over 2 bucks again. Pembina was effected most and YGR doesnt have stuff here.
YGR will be fine, just have to ride it out.