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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 Spos01on Nov 02, 2022 2:44pm
124 Views
Post# 35067380

RE:RE:Downplayed expectations- on purpose?

RE:RE:Downplayed expectations- on purpose?@ Hendrick, I suppose how long others are willing to wait is the key. I agree with what you say above, however here is where I think others are coming from. In addtion to YGR I also hold CVE and XOM. If we use June 2022 as a baseline, XOM is slightly above where they were CVE is down about 8%, yet YGR is down 30%. So I can understand where the frustration lies from the others. 

If oil is expected to rise over the next few months, it begs the question are you not better off to being holding XOM, CVE or others as they appear to be more in favor. YGR will likely lag most others until the next earnings report. 

I still see the value in holding YGR, but I also understand that positive momentum is key in making money, and YGR may not have momentum until next earnings. So the questions posed by others I think is justified. Assuming one's time frame is relatively short. 
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