In a class of its own
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aYGR-2728154&symbol=YGR®ion=C
I have reviewed most Canadian oil & gas financials and this company is quite special.
No write-off in Q4 unlike most, still generated a profit despite crazy differentials, still growing. Very high recycle ratios which we already knew from the reserve report.
Who do you know obtained a credit line increase of 28% (from $175 million to $225 million) in recent times?
Banks are quite worried right now about credit exposure to the sector while the market to sell assets remains frozen. It must take quite a bit of confidence in management, its assets and operations from wary bankers to boost a credit line the way they just did.
Cardboard