RE:RE:RE:RE:gear energyCardinal energy is one with higher cf in Q2 over Q1 but it was mainly due to WCS being better. However Cardinal had a payout ratio of 105% in Q2 and 102% YTD 6 months.
Lots of companies have reported Q2 and this is the blunt and cold reality...oil needs to be closer to 80 than 70 for alot of these junior companies. How am I wrong in that statement so far?
The other reality is oilfield service inflation has to really pull back. Service companies must be under pressure to lower costs.
It is cool YGR is buying a 50 foot crane. I wonder what they would all use it for. Is it for rig moves or laying down production equipment. Really good idea to buy one.