RE:April markets Clearly you don't have a grasp on the financial aspects of the business at all Kavern.
The purpose of a corporation is to earn money for shareholders. It is not to drill interesting wells. In the past some public companies grew production quickly then sold for a capital gain but for now that model is broken - what is left has been largely moved to private companies. Other companies have focused on return of capital
IPO is growing with a dividend and has much less than half the debt YGR has.
Petrus has more drilling talent among family members that stop by for a beer, than ygr has in million dolar salaries. Never mind that they put their own money in the company to fix an over levered situation versus issuing cheap options.
PNE grew production by almost 30% this year alone with zero dilution. Zero. And they have grown production per share 35% since inception. Debt is falling quickly, production has kept up while the dividend is paid and the mgt does an amazing job ripping out costs and acquiring production at rock bottom prices. Versus the oilfield service group that is sooo cost efficient at YGR ta the company is still choking on debt and unable to grow.
PNE could be debt free in 18 months if they choose to. All while still operating intelligently and paying a dividend.
versus that elusive 80 million debt target and 13,000 boe of production that was GUIDANCE 2+ years ago at YGR.
of the 4 companies you listed which one looks like the riskiest and least sustainable and therefore that should be punished by the market? Easily YGR.
I am starting to think you work for the company.