Post by
Helloworld on Oct 26, 2023 10:33am
Sums up the Year
Oil up $2 yesterday. Yangarra up 0.5%.
Oil down $1.50 today. Yangarra down 2.5%.
> 50% underperformance YTD and growing
Thanks Jim!
Comment by
margaritaman on Oct 26, 2023 11:07am
If someone decides to dump 50K shares YGR is $1.60 easy. Not a single insider buy which is telling.
Comment by
cfliesser on Oct 26, 2023 12:25pm
well to be fair every single insider dropped a lot back in March when the flow throguh shares were issued. A lot of them like $100k at share price of >2$. Hard to blame them for not investing more when they probably spent their years worth of investment all at once. But hard to argue its good management. Lots of capex for little production growth.
Comment by
margaritaman on Oct 26, 2023 12:53pm
Not blaming, just an observation but If YGR was as undervalued as Mr Gill has suggested I would expect to see them buying with both hands. Time will tell. If they hit the 14000 exit he suggested recently then I'll be sorry for not adding at these levels.
Comment by
TheRexmember on Oct 26, 2023 9:33pm
I agree MM. what will also be of interest is all of the liitle things. When production came on, drilling costs, completion costsand how quickly the wells clean up. At some point all of the headlines about the great things coming should show up in the cash flow.
Comment by
kavern23 on Oct 26, 2023 1:22pm
Agree with you Cliff. Going to need a good Q4 to show this Capex spend working. Good news, is 6 east willy wells didnt go for full month of Sept. If those 6 wells work, Oct should be much better for oil content and overall production. IT would be not good if those 6 wells were on for all of sept and overall production of 12k-12.4k boe.