RE:RE:RE:RE:RE:RE:...YGR seems awfully cheap... Same poster Hendrick. I have a different account on my laptop vs Ipad due to some bizarre tech issue.
I was trying to list some of the reasons why the big discrepancy on nav but frankly it always comes off a bit harsher than intended. I think the PDP is lower quality at ygr but I hang around because the retail and insider focus on this one will be a powerful move when/if there is a re-rate. Insider focus being 35% ownership but they also have a lot of friends and family involved.
Rerate from a change in drilling success, change in land focus, getting a better handle on geology or a nice move in gas prices.
PDP value is lower for gas and gas liquids ex condensate, lol to be captain obvious.
Not to mention the discount for nat gas price volatility, pipeline bottlenecks, processing bottlenecks and near monopolies for settling butane and propane locally.
Kavern is right that BTE and YGR are not really decent comparables for PDP purposes. But, how they are developing the reserves has as much of an impact as the type and quality. Both are very different, very cheap companies. I like the new guy at BTE a lot. I think he has been a great catalyst to refocus the company and improve performance much like Oliver at BNE has also helped there. I think the reserve numbers make YGR look cheap until a catalyst comes along.