RE:RE:August ProductionI havent been in a rush to buy YGR as I am backing off until at minium I see companies like OBE, Cj ec trade cheaper. I think another leg down for some of these companies and even though YGR is doing great....YGR will go down if CJ has a 60 cent drop and others.
As the war is doing going, if I buy YGR I have to be prepared to hold it until next April.
I am lol normally an opinionated person but in regards to what I see is bottom for YGR....I dont know yet. Have zero sense any direction right now. Not confused on oil prices, I expected 2 dollar drop today but stock prices and the bottom I am confused right now.
I wouldnt want to be in heavy oil right now in Canada unhedged...that I have figured out lol. Now that Biden is pumpin out the SPR in Nov as well....canadian heavy oil prices will have high differentials at least unles DEC. It wouldnt shock me too see heavy oil differential hit 28-30 by Nov or during Nov unless oil crashes and canadian growth stops before then. All that clearwater growth plus other fast oil production in alberta is alot heavy oil.
I really do think YGR is one of the few companies you can buy in western canada energy and hold. Zero to worry about in future reclaimation rule changes with YGR. It will get better here share price wise in time. 3 huge oil wells mean alot to a company YGR size. They have only produced for 40 days.
If those 3 oil wells each do 80-100k of oil in first 12 months....that will really f*ckin help and it is doable. Can tell alot early on how well will do.
Helloworld wrote:
Funny. So much optimism around production growth and such good information being shared convinced me to hold. Else I probably would of sold after Q2 results during the next pop after the disappointing growth from Q1 to Q2. But here we are down another 30% over the last month despite great operational results and back to levels close to a year ago despite wti over 100 cad, production up 30%, and debt down by 70 cents a share. Down basically 50% in 3 months. Ouch!