Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by kavern23on Apr 28, 2021 7:47pm
121 Views
Post# 33088199

RE:RE:RE:RE:Really good net income & FFO

RE:RE:RE:RE:Really good net income & FFOI think oil prices are higher then that....higher then 68.....
YGR also hedged 500 from april to june at 71.15 Cad...thats new and that's smart to do...great price.

I am not sure what bank analysts have for an annual target YGR cashflow as I don't listen or want to be influenced by them....but I wonder if we are above or below expectations on CF.

I think we are doing great.

With YGR getting 17m in Q1 for cashflow...I think we are on pace for at least 90M plus annually.
We lost 1.8 on hedges in Q1 that wont happen going forward.  And NG prices are still really strong for rest of 2021.

With a 60M capex...2021 is headed in the free cashflow year.

I am really glad YGR was agressive in doing 8 wells in Q1 versus being cautious. Debt can down in forward quarters and should starting in Q2.

YGR Q2 capex should only be 15-17M...but who knowas it could be lower if they keep running so lean. One of those wells in the 5 well pad was done in Q1...so they only need to drill 4 more and 5 completations.  In one spot so should be cheap on services.




BadShituation wrote:
That caught my eye. Management is really managing all of these costs well.

"Production and transportation costs decreased by 12% on a per boe basis"

Realized pricing /bbl making some good money this Q. Eddy par benchmark at 68$ and 3.50 difs?

say less

Should see prod increases going forward from here with the drilling being conducted. (managing this exceptioanlly well imo)


Need to come back when my head isnt pounding,


<< Previous
Bullboard Posts
Next >>