RE:RE:RE:RE:Really good net income & FFOI think oil prices are higher then that....higher then 68.....
YGR also hedged 500 from april to june at 71.15 Cad...thats new and that's smart to do...great price.
I am not sure what bank analysts have for an annual target YGR cashflow as I don't listen or want to be influenced by them....but I wonder if we are above or below expectations on CF.
I think we are doing great.
With YGR getting 17m in Q1 for cashflow...I think we are on pace for at least 90M plus annually.
We lost 1.8 on hedges in Q1 that wont happen going forward. And NG prices are still really strong for rest of 2021.
With a 60M capex...2021 is headed in the free cashflow year.
I am really glad YGR was agressive in doing 8 wells in Q1 versus being cautious. Debt can down in forward quarters and should starting in Q2.
YGR Q2 capex should only be 15-17M...but who knowas it could be lower if they keep running so lean. One of those wells in the 5 well pad was done in Q1...so they only need to drill 4 more and 5 completations. In one spot so should be cheap on services.
BadShituation wrote:
That caught my eye. Management is really managing all of these costs well.
"Production and transportation costs decreased by 12% on a per boe basis"
Realized pricing /bbl making some good money this Q. Eddy par benchmark at 68$ and 3.50 difs?
say less
Should see prod increases going forward from here with the drilling being conducted. (managing this exceptioanlly well imo)
Need to come back when my head isnt pounding,