Yoho Res Inc YOHOF

RE:YO trades at C$1/MMboe (!!) next to KEL, TET & others...

[digger69]

invest99 wrote:

YO now has Zero Debt after paying down the bank debt and the debentures thanks to the proceeds from the recent Duvernay sale of C$50 million.

 

YO has 12.9 MMBoe of 2P Reserves based on Jan 2016 pricing, see presentation.

 

After paying the debentures, YO now has about C$5 million working capital (surplus).
 

 

YO's Enterprise Value at C$0.29 per share is C$13 million.

 

So YO now trades just C$1/MMboe of 2P Reserves at C$0.29 per share.

 

Do you really believe that YO will keep trading at just C$1/MMboe of 2P Reserves next to other producers ?!!
 

 

All the recent Montney deals (ORLEN - KCK, CIOC - Riverstone Seneca, Black Swan - Carmel Bay, Canamax - Edge Fund) take place at about C$10/MMboe and higher.

 

Mark my words, YO will be acquired by year end by its neighbors, take a look at them. All cash or all-stock deal, I don't know this.

See YO's Montney properties and how close they are to KEL's properties (Kelt Exploration):

 

 

 

 

 

and see now YO's Duvernay properties at Kaybob area where YO's properties (in orange color) are surrounded by so many other bigger producers' properties, including TET's:

 

 

 

 

eom

Kelt is no longer as they were bought out by XTO Energy a subsidiary of Exxon. Yoho has already drilled some Montey wells in joint venture with XTO & Trilogy over the past 2 years in the Kaybob field.