Post by
kavern23 on Jul 24, 2024 10:19pm
Today
Today some of ygr s peers in sense other Canadian energy producers , hit new 52 week lows like Pne hitting 89 cents.
Bne broke its trading range of 4.90-5 and hit 4.85.
inplay seems to be holding.
I am really intrigued if ygr announces some kind of property buy with q2...say 50-50 chance.
Very bullish on companies continuing to get technology gains in production rates on wells.
Because of this companies will want to own multiple zones in geographic area.
the move to super 12 plus well pads will drive some mergers in central Alberta zone.
last year had Certus and bonavista go.
small operators that have no drilling plans or have drilled much in 2024 that have to ask themselves can we hold out a year or sell out now.
one thing I have always liked about ygr is they always drill when they can
Comment by
pennydredful on Jul 25, 2024 10:59am
It seems very few will avoid the impact of wild fires including YGR so could explain general weakness