RE:YGRHard to say yet, they might drill more summer wells if April - June oil numbers are strong.
Edmonton par prices are strong and they must be likley drilling more belly locations if results continue too look good.
One belly producing the longest has 14k barrels of oil in assume 2 months and maybe a week..confidentual stage but can tell as it was too cold too frac until later jan.
If these wells can do 30000 in first 6 months they become worth doing instead of debt repaylent.
YGR is always going to prirotize debt reduction right now but if 6 month payback or less drilling locations are out there with how reasonable they can drill and tie in wells I think they start in June and contnue for awhile. If they even go 40 m capex in second half that alot of wells.
With 4 chamber wells going on in march (3 bellys and a cardiun) plus the JV stuff oil range should be above 2500 barrels of oil...at these levels YGR should cf 20-25m in q2 combined with rig parked all of April and May so far should make for a nice FCF.
Stock price doesnt show it but it encourgaing.