RE:Wow…cardium speaks Lots of these cardium companies struggled precovid during the last drop in ng or oil prices because they were all sinking too much capital for the results on average.
Ygr has made the adjustment of not spending 25-30m quarterly capex like they were doing in the past,
But I can't see pre 2019 why ygr had to drill a number of wells no matter what, the company needs 250 wells producing. Stabilize a cf point.
If it costs 4-5m per well it isn't going to work well for anyone in cardium right now