Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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.

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Yangarra Resources Ltd > september production results

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Comment by cfliesseron Oct 21, 2022 1:17am

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Post# 35038128

RE:RE:RE:RE:RE:RE:RE:september production results

BUT I think this whole exercise in going debt free is all theoretical.

I do not think, and do not hope that they ever go completely debt free.

The goal shoudl be to get debt to a point where is doesn't matter. Then return capital to shareholders.

I think once debt reaches 0.5-1.0xFCF there is no point in reducing more.
So that would be $50M to $100M, probably on the lower end of that.
That happens in early to mid 2023.

If debt is super manageable share buy backs or a dividend would be best. I vote for buybacks, and I suspect this is the best play for ownership since it benefits them most.

Why reduce financial leverage when shares are so cheap???

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