RE:RE:RE:obe/ygrInplay is going to have the weakest Q1 man...out of OBE or even most likely YGR.
OBE for sure will whipe IPO in Q1 2022 and YGR very likely as well.....
Remember what management teams CHOOSE to in press releases tells clues....
With IPO it is fairly obvious...they want to focus attention to 2022 and not Q4 2021.
Both OBE and YGR have stated their Q4 2021...has IPO done this?
Look I am not bashing IPO....I think they are Q2-Q4 2022 company.
Q1 2022 will be weaker as well.
Look at the timing of the wells coming in. They are not designed to hit peak in Q1 2022.
YGR is....
But that isn't biggest issue for Q1 2022 with IPO....
The bad hedges are. IPO has 1700 barrels of oil hedged at 50 bucks in Q1.
Problem is what is total oil hedged in Q1 as a % of overall production...3500-3700....
that means they have close to half their oil production hedged low....for Q1 2022. Only get's good after this. At 3.50...are high side man.
Kramerkarma wrote:
my stance on YGR is not favorable for anyone interested. You'd be better off with IPO is my opinion. Ygr says 130M ffo / 105M capex. 25M fcf to debt. Liquids at 5400bbl, IPO says 9,400 boe 5,800 liquids, 117m FFO and 58m capex. Aka ygr wells are poor.need 2x as much capex to do what ipo does.