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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Bullboard Posts
Post by RzDanon Jul 31, 2018 8:22pm
117 Views
Post# 28395091

Crazy market

Crazy marketIt's been a crazy few months for this stock.   I dont see anything that has fundamentally changed and yet it has taken a big drop (stock price might have gotten a little ahead of itself in early May).  They hit their mid year production target.   They look to be on their way to an exit of 11,000 to 12,000.   They have a 2019 exit target of 15,000 b/d.   They are not in any debt trouble.   They are moving along nicely.   Unless there is a big shock coming with the 2Q18 numbers, its hard to understand this drop.   It feels like the stock is being manipulated.   Otherwise the markets are just so uncertain and unstable right now that people are getting spooked with any sign of the stock going down that they are panicking and selling.    Really strange times.  
Bullboard Posts