RE:RE:RE:The stock is running out of gasAnd only 11 days between wells...for two mile wells that is really fast and effiecient.
All these things make me quite optimistic that 2021 will be a good year for YGR.
Since YGR started doing big drilling programs...either oil or gas has tanked during the year.
I mean in 2018..NG averaged 1.59 and in 2019 it averaged for the year 1.80.
Natural gas should easily average 3 bucks/mcf for the year. Jan and Feb really add to the average and the worst forward month is August and it is even 2.56 a mcf and maybe higher as YGR seems to get abit of a heat content premium. The fall should easily be 2.80-3.10 a mcf.
Thats like 20m more year just on natural gas price being higher.
The only negative with YGR right now is we didn't do a summer drilling program in 2020 (and understandly as we were fighting too survive like the whole industry was) so that will effect our Q1 production numbers.
I probably have lower expectations for YGR Q1 production wise then analysts do.
But too offset this I think we surprise too the postive side on financial numbers compared to expectations.
But alot of Q1 capex won't contribute CF or production until Q2.
My expectations are Q1 9,000 BOE , Q2 10000, Q3 11000, Q 4 12,000
Anything better is gravy. With current capex per well and current prices...if we can get at least that in production our share price should do well in 2021.
YGR really got a gift having the commodites prices that we did in Q1 of this year...I doubt we could have drilled so much in 2021 so far if oil was 52 bucks through Q1.
The stength in prices so far in 2021 have likley speed up the Q in which YGR starts growing in production again to Q2.
F*ck we have got such a lucky gift with commodity prices so far...very fortunate.
BadShituation wrote: I was going to ask you if your knew the status for their drilling ops.
Looks like your on top of it.
That puts a smile on my face to see the bit is still turning.