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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 Hendrick3on Feb 26, 2022 12:45pm
127 Views
Post# 34464466

RE:A different point of view

RE:A different point of viewI use FFO compare with share price as a guiding metric for undervalued stocks. All I needed to see was FFO of 38 cents in 4Q on a price of $1.75 to know this was a screaming buy. This is also confirmed by YGR having the most discounted share price to reserves in the industry. In essence this is trading at about or under 2022 FFO. In terms of debt, who cares. In this pricing environment, more highly levered companies have more torque. No one is in danger of bankruptcy until below $50 WTI so for me, their debt levels are not a discount. I don't know when his one pops but when it does, it will be huge. 
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