RE:Consulting Firms and Well Designs I had heard for the last 2 years that ygr spaced their wells too densely and that this was suboptimal. The fact they they are changing this practice is both good news and bad news. Good news in that all future wells will perform better. Bad news in that they have technically screwed up for a couple of years. Overall though I think this is a major shift for th good but it will take some time to make a noticeable impact.
I don't believe that the stock price has lived or died on this technical change in perspective. I think the root cause is management over promising and under delivering. The fundamentals are very good. They make reasonable returns at $2.25 Aeco and $65 oil (example 2Q). Unfortunately they are not well promoted and the big success people want is always tomorrow. I believe that is changing and a rerate is coming. Over the last week this became my largest position on that belief.