If If I was a shareholder of ygr, I am not as of right now, still on the sabbatical from bs of being in stock market ..what would I be hoping for in q1 is some ng hedging puts for next year...still a somewhat decent price .
Ygr should hedge like 30000 gj/d and if something fluky happens to drive spot ng in 2025...just start drilling again hard.
I can't see how the risk/reward favours not being hedged hard for 2025 on ng...especially if drilling costs at ygr are cheaper.
Another reason they should hedge 30000 gj in 2025 is if you can get 3 dollars...should make drilling econmics better and it will also help ensure service labour has new lease builds.
Ygr work crew has value..employees are worth a lot. Turn around from spud to online was really fast in q1...must be working well.
Ygr can high grade drilling locations for 2024 but hedging for 2025 would allow for more options in drilling like mannvilles.
just my 2 cents.
waiting too see financials