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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 kavern23on Apr 19, 2022 3:12pm
96 Views
Post# 34614162

RE:RE:RE:A trend I am seeing that will increase

RE:RE:RE:A trend I am seeing that will increaseOne of the truly enlightening things for me was I always questioned why BC was so against the Transmountian pipeline as it hauls both refined fuel and oil that is refined in that Burnaby refinery (think Parkland owns it) that BC really needs right now...easy too see why.....

BC won't need much Alberta oil in ten years time...maybe less...so they don't give 2 sh*ts about transmountain.

Alberta power market is deregulated and renewables can be put online so much faster then BC provincial crown power corp. We are lucky in some ways BC doesnt have a conservative government....but BC renewable power capability is insane...only NDP holding it back.

But even still with NDP gov, BC knows once Ford, GM, Chrysler, Toyota, Honda, etc make EV's plenty available in future...over time they are going to need so little of alberta's oil and not need transmountain much.

Sure Fort St John and Fort Nelson will use gas for many years but island and Vancouver and highly populated places will likely be first area that goes mostly electric cars in Canada.

They have crazy amount of hydro but the future prize is offshore wind mills.

Offshore wind mills....people cant see too complan...and it is usually windy 50-65% of the time compared too onshore at like 30-35% of the time.  And the size is just getting so big.

BC has 1.91 a litre gas prices right now but it is just a matter of Ford and GM making the cars ad trucks.

That province doesnt need Albertas energy sadly.


pennydredful wrote: Thanks  for  enlightening me.  As you  say  solar the  way to go . Wind perhaps  not  so much re mechanical   issues  ,  blows more  at night,  enviromental issues. 


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