RE:RE:YGR's current PBV is 1 times versus Peers' PBV << 1 timesaside from YGR's high valuation on an absolute and relative basis.
Wrong / YGR is undervalued especially when considering the almost unmatched netback they have / 2 times or 3 times (if you take EV) CF2019 doesn't seem above average
One of these headwinds is YGR's limited and questionable drilling inventory because most of YGR's land is uncharted land, which will weigh on growth in the next years
Wrong / they have 700 net locations which means 23 years of drilling
If you look at their map (presentation) they have drilled accross all their land which derisk a good portion of the potential future locations
People erroneously think that YGR's growth in 2017 or 2018 will continue at the same pace in 2019 and 2020
It depends on the price of oil and their willingness to deploy their CF
YGR's NON-contiguous landbase
It looks like it hasn't been a hurdle to raise the prouction from 3k to 13k
More tuck-in are as well possible
YGR's wells gradually become more gassy or more NGLs and less oily
Valid to almost every fracker / bravo you are right