RE:RE:RE:RE:New 52 Week LowLooking more and more investors are shunning the cardium play. Nobody in Cardium is doing well stock price wise in 2024.
And they werent in 2019 as well.
I think YGR has right idea, they need to prove to market they can drill and complete cardium wells way cheaper than in 2019.
80-100m High Capex drilling programs in Cardium are a thing of past for everyone.
Investors need to realize YGR can still at these prices. Trick will be for YGR to be able to do alot of wells for 50-70M going forward.
Central Alberta well Services sold out so cheap to Precision Drilling last fall as they must have known from talking to these CEO's....forward looking spending was going to be low. Lots of CWC customers were close to Red Deer in the Cardium. Price CWC sold for was canary in the coal mine.