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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

Post by kavern23on May 09, 2022 8:16pm
294 Views
Post# 34669017

Yangarra.....

Yangarra.....I am not in YGR or OBE right now but considering price points to take intial positions in each.

I don't know yet on OBE....other then I feel I should wait some more yet before buying.

If market get;s nuts and YGR drops to 2.30 I am f*ckin ready too pull out the hammmer....

YGR is going to get out of debt problems well before OBE will.  That's reality..is what it is.  OBE just going to need a quarter to clean up the working capital defficiency....while YGR left Q1 in excellent shape...YGR actually has a postive working cap position.

YGR free cashflow is going to go to bank debt in Q2 instead of supplier catchup like other companies.

YGR has a sexy balancesheet...very simple.

If OBe drops low enough it does become tempting as well.
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