StrengthsI think one of the strengths for any junior oil and gas company left....is the lack of competition for land and just how technology is changing "plays". Although capital is tight for most companies...I don't think it is hard to pivot to new core areas as it was in past.
Western Canada in general has so lots of oil pools exploited by vertical wells. And not all of these discovered oil pools have companies using new tech to exploit.
Technology has taken for example Peace River area that was very maginally economic 10 years ago to a hot area now. Headwater tried a fan design well and early results look good. Even OBE is drilling 10000 barrel first month oil wells in Peace River and it is right beside Baytex wells in 2012 that didnt produce much.
Danielle Smith earlier in Jan stated Alberta should have goal of doubling oil and gas production and she is correct. The potential for production increases in Alberta are way higher than in even 2019.
I wonder if YGR has thought more on drilling other zones. Not saying abandon Cardium,,but many other zones exist in central alberta where they have infrastructure.
Is it time to dust off the idea of the duvernay again for YGR...new tech has made wells way better than 2014.
Or white specks
Or belly river
Or glaucy wells.
As much as I dont like business model of Pinecliff....them buying certus was a good idea.
Certus hit an insane gluacy well kinda by caroline where WCP and Taqa and Tou.
Is YGR too focused on cardium....