Ygr Rex..I think the catalyst that eventually will move ygr stock price is the success of the 2024 drill program in terms of economic returns it will bring in the future.
Ygr likelt averaged 2.5m on capital cost per well in 2024 and that helps the payback period on the wells.
Balance on how many stages of frackin to do and what kind of economic returns it will bring, sometimes less is more.
those Belly wells are very economic and if the wells can pay out in 7-9 months or better that will show up in the financial it just takes times.
upside to ygr cf number in 2025 if commodity prices strengthen, 25m for q1 is doable with decent q1 aeco. Carrying forward two belly's river wells as well.
think about it this way, if a 2.5m belly well can produce 60-80 barrels of oil after 365 because of internal well division savings plus less frac stages than a 5 m belly well some peers are drilling those more expensive more fracking bells decline to same rate at month 12 or earlier.
probably way more economic to frac less and sacfarice getting higher ipo 30 boe numbers in cardium and belly.
not the per well boe production numbers that matter it is the financial returns and lots of people get too hyper by higher initial well boe numbers.
ygr drilling a well cost that fits size of the company...risky for smaller companies to drill 5-12m wells as any mistake is so noticeable at that small size