RE:RE:RE:RE:Shorts...Sure let's look at what 200M got them...
-5 gas plants around the Cardium
-100k acres of land
-Equipment to have insanely low operating costs.
and strategically having the lowest ARO I have seen.....
The impacts of ARO are so underestimated by so many of you investors. YGR is not a flip just for ARO reasons.
When the government mandates company spend 5-10% a year on their ARO I will be laughing at alot of people on stockhouse...this could be as soon as September of this year.
Remember the general public will have zero sympathy for energy companies and reclaimation if energy prices are high.
70 plus oil will mean even more forced reclaimation.
ppp wrote: At that time they would have been much better off buying back shares than pissing it away drilling. Look what that got them, 200 mil of debt. Fact is they don't use their listing wisely. Next, keeping share holders in the dark about key info is BS this is not a private company. As far as FCF I agree and I am not in the camp of drill at all cost, never was. That is why I wanted them to buy back shares. Instead they drilled like m fkers and just about tanked the company. IMO they could off bought back shares and kept their debt down and would most likely have the same production numbers. Till this company sees the light it is nothing but a flip for me. Tell me what's so hard about updating shareholders once a month. Or is it the same shi$ show as before covid, massive declines and BS guidance.