Post by
kavern23 on Feb 02, 2022 2:44pm
Impression of Press release...
I think it overall is a positive press release and a futher reason to buy YGR.
Atta boy Hendrick for stepping up.
My impression though is YGR is doing things to put themselves for sale if the price is righ in 2022.
it is why you would do this:
reducing the non producing well ARO to less than $2 million
or even the reserve restatement...if you open the data room to potential suitors eventually a company would want as accurate as possibe reserves.
It is a good buy man. Reserve thing is priced in already. Expected. Less then I thought.
Comment by
kavern23 on Feb 02, 2022 2:47pm
If somene was every looking at a YGR...say a Peyto as an example.... YGR is so "clean" and easy to integrate in a merger now with how they set this company up. Really only have producing wells which is unique.
Comment by
fullyautomatic on Feb 02, 2022 2:51pm
Geez are you my brother? Hahah. Same thoughts didn't write PEY but yeah makes sense too. I hope I'm wrong about this BTW
Comment by
ppp on Feb 02, 2022 3:19pm
Something is off. This is going private
Comment by
kavern23 on Feb 02, 2022 2:51pm
Not to get all "accounting" on people...but my post below was in referane to balancsheet "goodwill" on property, plant, and equipment. Anyone buying YGR would want their assets stated as low as possible on reserves so no future goodwill write downs... If anyone needs further break down let me know