Post by
kavern23 on Dec 13, 2023 10:29pm
Flinflog
Flinflog you joined stockhouse today and you are a pure bs er.
Just spewin BS..
This comment is pure BS: " I don't have access to well data anymore but the 2 poor wells that have been mentioned are likely just the amount from production testing and haven't been tied in yet. You can't flare the gas so you have to find a home for it and it may have to go on a third party line that doesn't have room for you"
Dude YGR's wells are not up in some remote area, not a new zone...it would be brain dead and impractical to production test any cardium well and take the cost, no confidential well risk or anything...doesnt make sense on so many levels not too tie in a new well and production test instead. Secondly the wells are all from exsiting pads where it is already tied in and pipelines layed years ago. YGR wells should actually come on fast. YGR is not using a third party line.
YGR's placed natural gas plant ownership across where they own land and lines is a strength and a good thing, YGR has plant in willy, not big but they do and it would have space as YGR hasnt drilled in willy inawhile, natural declines have happened.
Comment by
kavern23 on Dec 14, 2023 2:29am
YGR total production costs are 6.53 BOE and last year and last year 5.89...and YGR's oil and ngl production really left this to 6.53. It instantly says YGR produces NG very cheaply and YGR sells right into the main line.
Comment by
Overertune on Dec 14, 2023 2:39am
If cost so cheap, why the company is not making much FCF while oil is 85$ ? Because they drill too much without production?
Comment by
kavern23 on Dec 14, 2023 2:54am
YGR doesnt meet cashflow expectations when oil is 85 because of the lack of oil % in their total production. Costs are cheap though on NG. YGR needs to be at 3000 barrels and not 2000 barrels to really FCF well.