RE:RE:RE:RE:RE:RE:After q4 Petrus and Ygr Rex...I am looking at the ygr lens from someone that has followed ygr since like 2017.
Not too mean this in an arrogant way but anyone that bought ygr at in 2020 and really most of 2021 as well...could have doubled or tripled their investment a by June of 2022.
I think too be blunt an investor was too greedy if they didn't dump ygr shares by January 2023...I mean ygr was 2.70. But not January it was painful obvious Europe winter was too warm and USA production was too high..2023 was going to be a bad ng price year and it was.
i have stayed on sidelines for so long as I knew ng supply would really sky rocket from Russia price spike and it would drive supply up a lot as ng is too easy too increase.
dry ng wells are too easy to drill boomers
even if ygr drilled better in back half the ng price sentiment was always going to dampen ygr share price.
I am impressed that ygr has been able to survive some really low ng price cycles and they haven't had large share issue in a material way and debt level is on right track.
Rex I think a person needs to focus on 2024 and not the past.
But what the past has shown is even if you are down money on ygr if you are willing to wait long enough and average down at strategic right times...a person can make money following ygr stock eventually.
one of reasons I don't want to buy ygr shares yet is I need to build up a war chest of capital so I can average down if some external event happens and share price gets even cheaper.