Post by
kavern23 on May 18, 2023 10:09am
Hendrick
The reason Bonterra is being brought into convo on Yangara board is for a few reasons.
Yangarra lowered 2023 guidance like a prudent management team should...situation changes you adjust and tell shareholders. They have learned from the past, can give a person confidence.
YGR's 2023 guidance is doable when looking at Q1 results for YGR. YGR needs to average FFO of 35m per q rest of year.
But Bne's guidance...how is that doable still? BNE should have lowered guidance for financials in Q1 results press release. Instead BNE seems to try get people to just focus on a monthly April production number and have people forget.
BNE guidance is 170-175m for FFO and it fund flowed 29m in Q1. That means they need to average 46.6m a Q to make guidance,,..really that is realistic????
YGR share release was actually brillant with comodity prices tanking....still lowered debt in Q1 in a high interst rate enviro while BNE gaine debt in a high interest enviro.
I think YGR management team is sharper. BNE only hedged soon as banks forced BNE to hedge production...that was brillance.
Best hedger in cardium is OBE management team Yeah OBE has a really good CEO in Stephen.
Looks to be determined on how good BNE's maangement team is...
Comment by
fullyautomatic on May 18, 2023 3:29pm
100% agree Kav. Seems like the new CEO at BNE wants to get on the treadmill, a game that YGR knows best. I like the YGR stock here