stockfy wrote: ppp, you stated that you sold your YGR shares. So now you try to convince yourself and the other investors that you did the right thing and you did not make a huge mistake by selling the
most profitable energy company in North America with
the highest insider ownership and the
lowest operating costs (below C$10 per boe) at the
bottom of the oil prices and the company's chart. In your desperate effort to convince the other investors make your mistake, you post rambling.
According to the latest news, YGR has 4 DUC wells in Chedderville, the most prolific acreage with oil-weighted bioturbated Cardium wells that reach or exceed 800 boepd, based on the existing drilling results in this area to-date. Take it or leave it.
These are the facts and excerpts from YGR's latest press releases regarding Chedderville:
"As highlighted by recent well results, Yangarra plans to focus the 2020 program primarily on higher IRR wells in the Chedderville area and will continue to implement the Company's refined completions strategy that had positive results in late 2019.
Yangarra's land position in Chedderville has increased from 9.5 sections, January 1, 2018 to 62 sections of Cardium land today. The infrastructure build in late 2018 and early 2019 is key to positioning the Company to support drilling in this area for several years to come."
and this:
"Yangarra’s drilling in the first quarter was focused on Chedderville, as that area currently generates the best rates of return and scale in the Company’s portfolio. In addition, the Company has unused processing capacity along with several years of future drilling locations.
The Company continues to refine drilling and completion techniques to optimize best practices and returns as affirmed by the improvements in the latest well results.
However, the Company’s high-rate horizontal production rates can dramatically affect quarterly and annual production rates depending on the timing of when new wells are brought on production. This increases forecasting risk when combined with the Company’s extensive