RE:RE:Q3 Benchmark pricesReally happy to see that NGL's are still at an extemely profitable price. In past I remember seeing 30-40 bucks on NGLs very often.
I am flairly sure YGR does over 40m CF in Q3, I would put it at 42.5M to 48M as most likely range.
Very very good.
YGR should have got more credit from the market for the Q2 of 50m and 30m net income, f*ckin phenomenal. Q3 isnt going to be that far from that.
Problem is retail oil and gas investors seem to need to get Eric Nuttall's permission and recommendation first before buying.
Only like 12 of us on stockhouse and I don't think many retail investors are smart enough to know YGR hit some good wells...most just follow BNN and wait for a recommendation. Those 3 WF gushers are not doing 2000 MCF each....good sign that oil production will stay longer then normal. Fairly huge nice hit to a company YGR's size.
Alot of retail investors are missing the fact YGR is going to have good reserve numbers when they release next, as YGR spent the capital sucessful.. Proved developed will really increase from WF stuff. And overall going to get a lift with NG future price deck not being so s*tty. The prices used last year further were pitiful for ng.
Asset per share is higher then it looks and is shown, nav's will be much higher.
Just waiting for some of these central bank rate hikes to be done, as it can force smaller funds to sell even though YGR is doing good.
Definitely want in hard.
cfliesser wrote: Juts trying to comapre these to what YGR usually realizes.
Last Q crude was just below bench, and nat gas above.
Used same %s to estimate realized pricing based on what kav had for benchmarks....
Overall it is a
14% decrease in pricing across the board.
I feel like this Q will have similar FCF to last Q since the increase in production will make up for the drop in pricing.
| Realized Pricing | | | | | |
| Light Crude | $ 130.38 | -4% | | $ 111.89 | -14% |
| NGL | $ 70.70 | | | $ 70.70 | |
| Nat Gas | $ 7.50 | 12% | | $ 6.52 | -13% |
| | | *from bench | | *from Q2 |
| Benchmarks | | | | | |
| Edmonton Par | $ 136.20 | | | $ 116.88 | |
| AECO | $ 6.68 | | | $ 5.81 | |
| | | | | | |
| FOREX | $ 0.78 | | | $ 0.77 | |