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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

Comment by pppon May 08, 2021 5:45pm
117 Views
Post# 33160563

RE:Short Position Increased (by nearly 475,000 shares)

RE:Short Position Increased (by nearly 475,000 shares)It's simple the market thinks these guys all full of hot air. Take a look at 20 sure it was a cra@ year but Capx was over 50 mil and production dropped over 20%. So their guidance looks like BS. What needs to happen is these guys need to get production to 10000 BBLS a day and keep it there. If they have extra money, pay down debt. Debt is way to high for the production these guys have. Q2 had better be when they prove to the market they have their declines under control or the shorts will eat these guys. 
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