YGR VS BNEI mean the share price this year is proving it.
YGR from jan 4 2022 price to last price is 1.67 to 2.99 or 79% up
BNE is 6.07 to 6.93 or .86 cents or like 12%
YGR share price makes since...every year they should be creating at least 1.50 in value from drilling pgoram plus FCF.
YGR was 1.67 so plus 1.50 = 3.17. YGR is in ball park of that range.
If YGR opens Jan at 3 bucks....i expect at least 4.50 on end of Dec 2023....potentially higher if they drill well in 2023. But normal results 4.50 as they are gaining that 1.50 of value per year.
If commodity prices crash, of course all this goes out window.
But lets say normal commodity price happen at 70-80 oil and 3-5 fluctat ng....do you think BNE can outgain the likley 50% Ygr gains if they it 4.50.
YGR year is better then then it looks. Problem is YGR shouldnt have went to 4.03 due to russia stuff. But for the year YGR share price is a sucess.