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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 cfliesseron Oct 21, 2021 2:15pm
76 Views
Post# 34033788

RE:RE:RE:Year end exit numbers?

RE:RE:RE:Year end exit numbers?Don't hold your breath. The company has almost maxed out their debt and has clearly stated they plan on spenging FCF on drilling. A dividend at this point would be irresponsible and contrary to their plans of spending FCF+. Maybe in 2 years + at best. But a dividend is not that important. Their plan is to grow by the drill bit. Production #s is all that matters, because that what was promised. Will see if it happens. That will be the main driver of SP
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