RE:RE:RE:RE:RE:RE:RE:Low Activity on IPOBut it all matters what investors want to park their money in...need more buying to move these stocks.
It probably makes sense that YGR, IPO, BNE and OBE really havent moved yet...I mean oil was only 52 dollar in January for average price...not sure on Feb average butit felt like 57 ish too me...and March feels like 61.50 ish so far.
Possible we need until end of April to get the investor notice...in all of these companies.
From an operations perspective coming up...I think YGR or BNE will have the best on operational production.
In Feb...they all suffered from the cold production wise but from looking at Feb data I would rate BNE number 1, then YGR....then OBE and IPO.
IPO and OBE had better Jans and won that month over BNE and YGR.
For month of March I would guess YGR takes over number one spot on oil growth. BNE will also be strong again. Pretty easy to judge this based on amount each of wells each of these companie are tying in.
YGR should continue to win as it drills more expensive wells (way longer) that usually last better on months 6-12 then the 1 mile wells BNE and IPO drill in Pembina.
OBE drilling program is kinda weighted to back 6 months of the year.
IPO should be closer to the pack in April as they state the well tie in at end of March.
But this will impact IPO in March...as they will get little contribution from new wells in March.
YGR is kinda peaking on production at the right time...March when oil prices way higher then earlier in 2021.
I hope all four stocks double and things continue to move up with oil prices.
65 WTI should be doable when enough Americans are vaccinatedf.
Hendrick3 wrote: You make an excellent point about the ESG advantage of YGR which is why they were priced above OBE for most of last year. Those environmental liabilities come to the forefront when a company is in financial distress. These are very long term liabilities and they don't really matter at $60 oil which is why ObE blew past YGR. Suddenly the long term liabilities are long term again. So I agree that today's investor cares more about those things than ten years ago, if oil price is high, they switch to more conventional metrics once again which is why YGR better situation on ESG seems not to have borne a better stock price.