RE:RE:RE:RE:RE:RE:RE:Q3I am not showing negative bias at all. And if you never owned YGR before why do you have opinions on everything.
I have an opinion on anything Cardium. Why? Cause I could invest at any time.
Why don't you use YGR as a learning experience?
YGR management team stated Cheddarville was the focus of drilling.
The minute YGR started to drill in other areas stated alot.
oilypants wrote:
Sadly your reaction is typical of an amateur energy investor. When you owned the stock you had blinders on and frankly talked poop mostly. Now you dont you show negative bias and if you had been even HALF as critical as you are now you would be so mad at yourself and everyone else. Followed YGR for over 10 yrs not hard to model higher cashflow if production capabilities are validated in Q4 by wells results. Look I not glossing over poor results in 2021. I didnt own the stock you did. Im dispassionate. Back to the future. Market has baked in poor batch of wells and with one rig running they plan on drilling 30 gross wells. This is now a show me story. With all those new wells coming on the curve will be better understood soon. If next batch of wells come nearer to published curve YGR could rerate quickly. Market thinks the worse and I know Cardium variability is not unusual. If so an update is coming. I will wait and see but wont write off YGR just yet as you seem to do. I could pull the trigger if wells are better in Q4. I could model 2022 CF at $200 million or $100 million depending on what I see in Q4. 10,000-14000 BOED prodn range. I have my own numbers I want them to hit before I decide. I could also model $100 capex in 2022. Until more clarity and visibility by management I will wait to refine my numbers. 1 rig should deliver those answers soon.