Post by
kavern23 on Apr 18, 2022 6:56pm
Yangarra.....
So why am I posting on YGR if I am so negative on oil and gas prices by fall of 2022?
Well...I don't think YGR is overvalued at 3 bucks even if NG and OIl soften some.
Energy prices still are going to be high enough in 2022 to take away the biggest thing holding YGR share price back during 2021....the 200M debt level with like a 210M debt capacity.
I didnt personally buy any YGR last week...but people in my network that know I think YGR and OBE are best, bought at least 500-700k dollars worth of YGR in last 10 days. I didnt tell them too but know my favs.
Downside isnt likely huge on a crash in May on YGR...maybe 2.30-2.50 trading range temp...if that.
At some point I make a move. I want to see March prod data. Should have it in next 3-4 days at most. I am reckless with dollar size but still catious at same time.
Comment by
Oilpig1 on Apr 18, 2022 7:00pm
The curve only looks forward a month or two. Don't worry about the fall or 2023. That is a conversation for late July early August.
Comment by
EntngledOutlier on Apr 18, 2022 7:47pm
Kavern23, I'm sorry if I miss understand, but you expect YGR price to pull back to 2.30 in May? After earnings?
Comment by
Oilpig1 on Apr 18, 2022 8:20pm
The only way this is going back to 2.30 is if oil drops below 60. I am not currently seeing a buy the rumor sell the news scenario, as we are not pumped up enough. If you look at the other oil companies after earnings, they are continuing to run. Again follow the trend.
Comment by
kavern23 on Apr 19, 2022 11:00am
Yeah unfortunately, even with great earnings...sentiment can take it back to 2.30-2.50 for short while. So many Canadian energy investors got their a** handed to them from 2014-2020...just less of a pool of investors followng and buying canadian junior energy stocks. So any type of proft taking on jitters will make things swingy...both on up and dowsnide.