RE:Yangarra..... So far you have been right on waiting. Well done Kavern.
i own both - about 10% more OBE. Think your right on it taking a quarter to clean up working cap. Don't think it matters though. In Q1 long term debt dropped 23 million at OBE while accounts payable ballooned. Q2 is predicted to have 60 million less spending- along with higher production and higher prices. Net debt will probably drop 70-80 million Q on Q. They have a lot going on.
YGR missed on guidance for 3 quarters in a row then had to come clean on decline rates and reserves. They finally have their cr@p together and I believe they are slowly getting re rated as they do what they said they would. Debt is dropping, production is moving higher and they have a nice, steady, predictable drill program. Operations seem solid on every metric - but completions and maybe inventory. And I think we are getting closer there too. I like them both.
I also really like SOU for a gas punt.