I use this period as a good benchmark on that these cardium companies can do in a 67 wti, 3 dollar ng price, and 35 ngl price enviro.
The crazy part was ygr was like 1.15 April of 2021...q2 2021 was 8200 boe per day production, 2k per day if oil, cf like 17m, capex of 19m, and debt over 200m. then Ferrier hit good pads the summer of 2021 and ygr got over 10k boe from this.
YGR is in much better shape in 2024 and 1.17. I do think this range is low as ygr goes. Stock is dirt cheap.
I have greater confidence in 23-25m cf for q2 and ygr needs 20m minimum.
Worse case and oil does fall to 70 I think ygr still holds 1 to 1.10.
I am survived always thinking about bad scenarios.
if start buying shares I know I won't mentally be able to control myself and stick small
I need the adrelaine rush of having all my financial chips so too speak on the line. Done best trading when back against the wall.
i do think it will be sept or earlier and this rolls to 1.80-2 bucks.