RE:570k more shorts addedI think YGR needs WTi at 58 and above to really rock and roll.
58 WTI is about 68-69 in CAD dollars...new wells rock and roll at that.
Even 65 Cad is okay....even above 55 WTI.
Right now oil is 73-74 Cad...that is lovely...we just need more days to pass but we are making gains.
YGR should have that 5 really strong Cheddar wells tied in and producing right now.
2 should still be well above 100 barels of oil per day (tied in the fall) and the other 3 should be spitting cash.
JAYDEE16 wrote: That could help the squeeze potential here. Crude needs to stay above 60$.