RE:RE:RE:RE:RE:Q2 is out.... Hey Kavern, you know more about YGR than I do and you contribute quality info but here are a few thoughts:
1. The Q2 report was disappointing in that I assumed production would be higher due to late Q1 wells coming on flush. With present amounts >10K boe/d this is less important now.
2. Increased production may not lead to much free cash flow for Q3/4 due to more capex, but D/CF will drop very quickly. I see Crew a few quarters ago as the larger analogue to YGR today.
3. YGR doesn't need to actually sell to keep their bank lines onside, they just need the optionality.
4. The relatively unhedged position into a much higher (and rising) price environment for both gas+oil changes the balance sheet calculations and the psychology re: bankers.
I see YGR as a Wayne Gretzky stock--you invest in them not for where they are today, but for where the puck is going to be. Cheers and GLTA...