RE:RE:RE:RE:Average analysts’ price targetsI don't think most of the analysts do that much "deep dives" into companies...they just review after quarter results are released...
I am actually thrilled in the trading range YGR is at during May as i pick away by buy more shares all the time.
What Analysts don'tunderstand is we are like the only junior that is driling new wells in Q2.
This will ensure production is there for Q3 and Q4.
YGR just spudded another well on May 18th.
4 wells drilled in Q2 so far counting this one...plus one well in Q1 that was drillied and needs to be tied in Q2.
BNE has drilled 2 wells in Q2
OBE has drilled 1 well in Q2
IPO has drilled 0 wells in Q2
IPO, BNE, and OBE may have performed slightly better share pricewise but very soon I think YGR pulls ahead.
YGR has the least hedging and most new wells to tie in out of all cardium players.
New wells is going to be the key for all companies.
YGR feels alot like Cardinal Energy did when it was trading at 2.20 and people were frustrated with the share price of CJ. People needed to relax then as CJ eventually went up as fundmentals were good. YGR is same type of case.
Hendrick3 wrote: While I appreciate the analysis, the valuations provided by analysts have often been out to lunch. Analysts often value companies higher if their financial institution benefits from business with the company they are rating. I believe YGR is undervalued but the analysts targets are not worth a penny in share price so the gap can hardly be counted on as a measure of value.