RE:RE:RE:Is a recap coming? Rex how can you paint ygrs whole asset base as declining high when we all know ygr barely got any contribution from wells completed July on and then in January things are back to normal.
Ygr management should be trying new tech and things and sometimes this causes short term problems. All cardium companies should be trying to make new well costs cheaper.
the market has liked Bne move to Charlie lake as I think a lot of people had fear on where are they going to find reserves.
Bne is just drilling a pile of wells, like over 40 a year front loaded for first 3 quarters to show a temp bump in q4. Bne q1 always dips and it will in 2024 as they hardly drilled anything in the fall.
Bne isn't gaining much reserves with all that cardium drilling as always tons of old vertical wells near any Bne new well.
Not sustainable to keep pumpin 100m into cardium like Bne was doing in an oild field.
I just think Bne should mange expectations on the divy as need lots of cash to start Charlie lake. 4 wells is 20m