Some quick questions pleaseHi guys,
I have a quick question or two that concerns YGR's future stock price and here is why.
Don't get me wrong, as I strongly believe in the value and future of Yangarra, I just wonder if they will still be selling all their natural gas or shuttung most of it in.
The reason I am asking this is because of the abnormally low spot gas price ($0.80) and future months lows as well. See link for chart below;
https://www.gasalberta.com/gas-market/market-prices
In my opinion, this could effect (slow down income/losses or delay debt repayment plans) what you are saying about any upcoming earning reports.
Will they still be going ahead with the upcoming drilling plans they have announced? Is that mainly for oil and will it go ahead or could these low gas prices effect this too?
If they shut in any natural gas and delay any drilling plans, will this lead to a lower YGR stock price during the summer and early fall? Or until the floor of the gas price improves?
I already hold a small amount of YGR shares and I am looking to increase my holdings (at good prices only) but I fear the stock price is going to come down more, instead of appreciating as most say here. At least for a little while.
Just throwing my thoughts open for discussion. All my best to other YGR shareholders.
Angles