RE:RE:RE:RE:Sustaining capex of ~$68mm at 13,000 boe/d
"YGR is the perfect takeover target at.....$3??"
Problem is that when management does not care about the share price, then manipulators decimate the stock and proper takeover valuation never materialize. A 30% premium from here is $1.30 or what we could expect IFFF somebody is even interested.
These guys should have told the truth earlier or that 2019 would be a year to complete infrastructure and that production would stall due to very high decline rate from prior year fast growth. The stock would not have lost close to 75% of its value in less than a year.
Instead they kept on dropping bad news over time decimating the stock and investors. This drip, drip of bad news is a killer for a stock.
Seems like they got hit by the treadmill effect and higher NGL/gas content. The earlier was easy to predict and the second was either a bad surprise or hidden to us. However, in essence it seems, they had no plan entering 2019 other than drill baby drill.
One certainty is that there is only one way to make money with a company: share price goes up and/or a dividend.
The other options available only to insiders are salaries and to maybe trying to take it over with a low ball offer, then to extract cash flow or sell it later at higher valuation while private.
That is what crooks do. We will see what category they fit in.