Post by
Helloworld on Dec 22, 2023 1:38pm
Year in Review
One year ago YGR issued guidance of 13k production and 180 million in funds flow.
The stock price popped to $2.96
One year later.
Yangarra management missed guidance. Then pulled guidance. And now is in hiding with poor well result after poor well results with zero accountability or explanation.
Stock price is $1.25 with a wall of sellers.
Some positives from the year.
- Management bought a bunch of shares at $2.06 so are way underwater too.
- After losing $1.66 / share this year not possible to lose more money next year then lost this year.
Comment by
cfliesser on Dec 22, 2023 2:38pm
Yep simply terrible year. Nov #s show no increase in production.
Comment by
margaritaman on Dec 22, 2023 2:59pm
Where are you getting November production numbers? I don't see anything in Petro Ninja.
Comment by
cfliesser on Dec 22, 2023 3:17pm
https://www.aer.ca/providing-information/data-and-reports/statistical-reports/st60
Comment by
Helloworld on Dec 22, 2023 3:53pm
Just awful.. 50 million in Capex spent in Q2 and Q3 for a big year end finish... If they simply laid down the drill bit and used the 50 million to pay off debt they would have probably saved more in interest costs then the ffo generated from the 15 latest wells they have brought on stream... How do they all keep jobs after this kind of debacle??
Comment by
fullyautomatic on Dec 22, 2023 4:43pm
They won't... heads gotta roll Merry Christmas guys!
Comment by
nearpeakfreak on Dec 23, 2023 7:41pm
Only on production a matter of days but 5 ferrier wells on the same pad drilled recently look promising. Three of 5 showing production so far about 150 plus bl/d oil each with very little gas. Like i said only on production a few days so very early to get excited but I have hope. These wells are in T38 R6 NPF
Comment by
pennydredful on Jan 18, 2024 10:46pm
some may have missed these results posted by NPF around Xmas
Comment by
Flinflog on Dec 27, 2023 1:34pm
Jim E. has an ADD type personality. Can't sit still. He is addicted to drilling. Will never lay down the drill bit. Poor results? Does anybody find it odd that it's probably the only company of this size that doesn't have an engineer or geologist on its management team? Lots of talent operationally and preparing financial reports, if that's what you like.
Comment by
pennydredful on Dec 27, 2023 3:40pm
ADD charactistics defined from the internet : Hyperactivity , Impulsitivity , and inattention. Struggles with executive functions.