Post by
kavern23 on Mar 14, 2023 3:31am
More offerings in Patch
I see Ruberlite a clearwater oil play did a press release for a flow through share offering. Ruberlite isnt does not rely on Natural gas prices. So that points to NG price drop not being a reason for these companies doing the offerings.
NG prices are still tolerable. Only really sh*tty month on Aeco curve is August. But most months over or close to 2.50...until next winter. Compared to last 5 years pre covid that isnt that bad price as a person ha seen. I remember YGR selling NG for under 2 bucks for a q.
The more bigger key is YGR staying over 2500 barrels per day on oil saide. YGR is always going to CF in 35-40m no matter what NG does as long as 2500-3000 barrels on oil side and 90-100 cad price for oil.
I see YGR did another 9 well license in Cheddar. And have 4 in willy. Some of those cheddar wells look in promising spots. Find out soon whether rig goes to Cheddar or Willy over spring break.
Comment by
kavern23 on Mar 14, 2023 3:35am
To CF 45m a quarter in lower NG price think YGR needs to be in 3500 barrels per day on oil side. That is going to be goal to follow, doable with some good drilling.