RE:RE:RE:CEO Buying Cheddarville is sure strange. Is it the rock or is it the cheaper well design? Million dollar question.
I dont know for sure.
But a good thing is Whitecap drilled a well in Garrington and it tied in June.
Kinda east of Cheddarville and Whitecap did the well without much near by.
They got a gusher...600 barrels of oil a day first month and 400 plus second month.
Hopefully YGR can tweak the formula. Prob not the rock.
kavern23 wrote: Fully...I have been strugglin for awhile to see a path in how YGR can get debt down to 150M....
I can at least speculate on how I think they can accomplish it and it looks viable. Before with the drilling I couldnt.
West Ferrier was really great for YGR in Oct. YGR needed a break and happy they are starting to smoke again with nice wells.
Maybe Jim's plan is to stagger the tie of that 14 well pad in West Ferrier and have a really low capex for first 6 months of 2022.
Stagger the 45M or so needed for that 14 well pad between Q4 and Q1...and stop drilling for awhile.
If those 14 wells come on like the wells in October did...YGR should be able to stay over 10000 BOE for alot of 2022 with no other wells drilled.
That would make sense on why they are doing 14 well pad. if done right it takes care of keeping YGR over 10000 BOE a day in 2022. Then try to CF 35M plus a Q.
GL man.
fullyautomatic wrote: Yes, saw he got a few more.
I have been adding too, really yesterday me and Jim must have been the only buying volume.
If one truly thinks we are in a major oil bull market for the next 18-24 months. YGR is a no brainer, I sold my ESI and got heavier here, thought being I don't really need a service sector stock with all of the in house service sector work YGR does. I know they don't drill/frac their own wells, but near as I understand most everything else they can do. If activity continues to grow, competitors will see inflation for these services or worst case no available services. This aspect of the company is surely something that the market gives no consideration for at the present. I don't "trade" this stock. It is a hold for as long as it takes for the market to give a true value--- twice todays price is not far fetched.
Good luck out there