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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.


TSX:YGR - Post by User

Yangarra Resources Ltd > Rex
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Comment by kavern23on Aug 02, 2023 9:19am
50 Views
Post# 35568593

RE:RE:Rex

RE:RE:RexAeco got a lift from the wildfires in Q2.  PNE was fortunate to get the NG prices it did.
Big probem for PNE is they have a 558m market cap (until today starts trading) and they got over 2.70 for NG sold...forget exact number.,,which is still a decent price for NG in Alberta.

PNE needs quite good NG prices to do well

Aeco is heading to sub 2.20 soon again.

Those Q2 results show they need much higher NG prices to support that divy.

The 50m cash balance is prob due to the fact they cant get a big debt faculty so they need to have lots of cash on hand.
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