RE:RE:RE:RE:RE:RE:RE:RE:september production resultsYes Cliff. I think we agree on these points. A few things that scare me:
1.Somehow capex is actually 60M-- BUT the other 40M is spent on an acquisition... NO... That's a line in the sand for me. I sell. I don't even really want to think what would happen to the SP if they did this. I think it would be crushed
2. Somehow capex is actually 60M-- AND the market flips to rewarding growth. This would be just our luck. The true oil bull case looks like this to me. Clear the noise in the general markets I think oil can run in 2023. We are still ok- BUT we never took the advantage, still lagging the pack. Looking again at PRQ the market did reward a big capex boost really on hope alone. There is no way in hell PRQ MC should be +$90M on YGR... Don't tell me it's the debt, because PRQ's plan is to go into debt to fund the capex
In the end $40M is a big chunk of chedder here and to switch gears to a type of mini blow down. I need to know the plan. I'm not sure I see your logic in regards to a buy back being more benifical to managment, to me the div is way more appealing for them and us.. Let's watch IPO for signs that a BB does anythng at all- I have my doubts as you know about IPO. It's my belief that owners of YGR stock are a bit different, more shale cowboy (risk taker) then the others. I know I am.. hahah
Natty nose diving in the USA right now got me a bit off guard too