Rex Ygr commentsRex are really shocked by the gas cuts? I mean YGR does put on a slide 24% oil in 13,000 BOE day.
YGR was also lower on the oil cut as 8 wells they drilled in Q1...only 3 produced at all for Q1 and just 15 days.
YGR's management team is going to these new areas to build reserves. That's BNE issue...what kind of reserves can they book doing little wells here and there among existing vertical producers.
I think management financial discpline is excellent. Run things very lean.
If I had one crituque on YGR it has always not hedging enough. Whever NG is over 3.80 in non Dec-March months...company should have 50% hedged.
Very clear and obvious whenever ng is above 4 dollars...it will become oversupplied fast with over drilling by industry,
But good luck to every company.