RE:RE:can it get any worse?
kavern, I fully agree with you. Selling infrastructure is like cutting off your nose in spite of your face.Building gas infrastructure is critical to economically produce YGR's gas. But the market appeasrs to disagree with us. Look at other companies with appreciable gas production (CR, and TOU) who were rewarded by the market (in the short term) when they spun off their infrastructure. It will come back to haunt them.
Oh, and I forgot to mention another point 'supporting' the oil price...Libya is off-line (1Mbopd).
And now OPEC+ is now saying that further cuts due to the corona impact are unlikely.
Maybe $50WTI ($55Cdn Edm par) is the new norm? However, at that price,YGR still generates 70% IRR with a 16 month payout (P13 - corp presentation). Much better than leaving free cash flow in the bank at 3-5% IRR. Right, Cardboard!