RE:recapLook I am not saying it is easy times for any oil and gas company in alberta especially smaller companies but how can say YGR is more at risk of a recap than BNE or PNE.
YGR is not going into a new area that requires a pile of capital like BNE is.
YGR can stop drilling to pay down debt. They have such little flush production right now that their production isnt going to crash for a qaurter if they stop. BNE needs those 10 wells a quarter or production goes down 1-1.5k boe a day....and then BNE would stabilze.
YGR didnt tie on many wells in Janaury, and production looked stable from december.
Having lots of new wells at 300-499 boe a day that decline to 100-150 boe in 4 months are when a company has massive declines...YGR doesnt.
I think top YGR oil well was like 89 barrels a day....nothing high declining here.
If those 6 ferrier wells hit, between feb and march YGR should be back in the 12-12.5k range.