RE:RE:RE:RE:August ProductionMy point was more around CJ, OBE, etc could still have 10-40% haircuts coming and that enviro would hurt YGR. A bear market isnt good for YGR even if company can handle it better.
Look at slide 28 on OBE's presentation, OBE uses a price deck of 105 WTI and 6.50 AECO and the paybacks on Peave River wells are 1 year. At current prices of 79 WTI...is the Peace River part even economic to drill now? Hendrick prob doubtful...
Cardinal energy not quite doubled their shares though Covid refinancing and they are paying a 6 cent a month divy now when in the past with less shares outstanding CJ couldnt handle a divy that big. CJ shouldnt be paying more then 3-4 cent not 6 cent a month.
I looked at Q4 of 2021 when oil prices are more similar to now minus the cad currency and I dont see how they can pay the divy that high at 6 cents....unles oil rips back over 90 wti.
Heavy oil companies sh8tted money when oil is over 95 but they struggle more then normal if oil is under 75 and the differentials get wide.
Hendrick3 wrote: Waiting for OBE and CJ to become bell weathers for when to buy YGR may be deceptive and cause you to miss out on a great buying opportunity in YGR. OBE has Loukas insider buying on dips regularly and CJ has a 10%+ dividend at these prices. No insider buying on YGR (which is a mystery to me) and no dividend means that in these short term crashes, there is no support. YGR has a larger short position than most (possibly because of these factors) and so when the find their bottom, they will likely rise very quickly aided by short covering. All to say don't miss a great buying opportunity in this stock trying to get the absolute bottom. This is trading at around 1x cash flow. What else is there to discuss?