I suggest to read George Kesarios articles in SA, he predicted the turn around and he explains why even $10 is possible in 2016.
We understand your panic. You have to cover tomorrow above $3.30.
YO trades at C$1/MMboe (!!) next to KEL, TET & others.
YO now has Zero Debt after paying down the bank debt and the debentures thanks to the proceeds from the recent Duvernay sale of C$50 million.
YO has 12.9 MMBoe of 2P Reserves based on Jan 2016 pricing, see presentation.
After paying the debentures, YO now has about C$5 million working capital (surplus).
YO's Enterprise Value at C$0.29 per share is C$13 million.
So YO now trades just C$1/MMboe of 2P Reserves at C$0.29 per share.
Do you really believe that YO will keep trading at just C$1/MMboe of 2P Reserves next to other producers..?
All the recent Montney deals (ORLEN - KCK, CIOC - Riverstone Seneca, Black Swan - Carmel Bay, Canamax - Edge Fund) take place at about C$10/MMboe and higher.
Mark my words, YO will be acquired by year end by its neighbors, take a look at them. All cash or all-stock deal.
Sentiment: Strong Buy
Definitely one of the key point for the future.