RE:RE:Q2 is out....Yeah the minute i had sold my last share I was a happy person...it was strange experience.
Someone outside the tsx was buying my shares . The volume traded on YGR would not change on my screen even though my sell order got filled. Think Alpha exchange or something it was going too.
I panicked not just because I thought production numbers were weak....but because I thought this would lead to a big impairment writedown. But it says they did a test in Q2 and passed without a writedown being triggered.
F*ck even the bank review with sub 8500 BOE terrified me.
But they seem to have no problems somehow...I don't get it. Like their bank faculty passed fine it seems....YGR has really good terms still on debt faculty. May 2023 term out...and extendible...really good and it like f*ck...can't explain that....
Ironic thing about YGR is their older wells performing well for the age...not decline rates that are the problem it is new wells, I would guess they made it through bank review and the impairment based on the old wells...must of carried them.
It's results of new wells is the issue.
Drilling 7 wells and completing for sub 20m capex....hmmmmmm
The market will not like the 25m per year capex.
I don't see how this doesnt fall under 1.30 tommorrow but who the f8ck knows with how thin stuff is traded.
Hendrick3 wrote: Lots of disappointment in this report. Net debt higher, production lower and with significantly higher prices FFO is the same. Something is not working at YGR. It explains why they didn't issue an operational update earlier. I sold mine a few weeks ago. I am very glad I did.