Because it is declining kav.
All of it is declining, with all producers everywhere.
yangarra decline rates are slightly over 30%. Last Q showed 5-6% sequential decline AFTER spending 16 million.
growth for the year was minimal with a 96 million dollar budget - which was pretty close to bne's cardium budget.
As results start sinking in, YGR is going to have fewer options. 1.69x debt AFTER dilution and two very active drilling years. Brutal.
It's time to shoot the poor dog and put it out of its misery.