RE:RE:RE:RE:RE:RE:RE:Thoughts?Rex, I lost the value of a condo listening believing an investor presentation...back over decade ago, more then that yeara go, dont even want to think of what year...but I was a new investor, gullible and I believed the presentation. I think I have mentioned the company name in a prior post before, but I still have the investor presenation numbers memorized in my head as I spent six months after the loss analyzing how i could have missed the obvious. It was real money and felt like a kick to the nuts. I have had so many close calls to losing eveything I am very cautious to get back in. I will but not yet. It feels good to be on sidelines not owning any company.
Which is why i focused on production data as I think I wouldnt have lost that money if I had been able to get production data. But I have closed gap but I am short one thing...I dont think any way to really know the reserves. I mean I look at water cut alot but still cant be sure on reserves ever.
But I am untrusting person. I dont trust any reserve report. for any compay.
Whether it is YGR or Bne or IPO i make my own guidance and I dont use managements on any.
Each of us is going to have our own guidance and it is likely to differ from managements.
In my opinion, I think YGR needs to always aim to be at 3000 on oil side to have a really good Q.
YGR needs 3000 plus range to CF over 30m easily. YGR probably would have done this if they could have had the 5 well west ferrier pad tied in Q1 as at 2400 they were 600 barrels a day short of the 3000 mark. Lots of YGR 50m capex spend for six months did show production and revenue. BNE is the opposite, connecting wells really quickly.
I still think YGR doesnt need to get to wild oil levels to still succeed, YGR just needs 3000 oil for months NG is in the down cycle. YGR is set up to smash it pretty on NG heading into winter. Almost any well in Ferrier or Chambers is going to do 800-1000 mcf a day quite easily.