RE:Every Day I Look SmarterFor sure.
the lack of hedges and the subsequent gas price plunge really set them back. The share issue earlier this year also means they need to grow production 1000 boe/day to break even on a per share basis. Bonehead moves.
YGR lost at least a year compared to competitors on the balance sheet issue alone.
Now they need about 5 quarters to get credibility back on their drilling reputation. So far it has been a struggle to get anyones attention because there are lots of other companys with similar opportunity and far less drama.
well done. ATH now has zero net-debt, has lots of assets to sell off or develop, decent share buybacks, expanded pads and cost reductions both from higher volumes and lower gas prices. With a great oil tape at the moment.