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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 Hendrick3on Jan 16, 2024 1:25pm
114 Views
Post# 35829480

RE:RE:RE:If anyone wanted to double down

RE:RE:RE:If anyone wanted to double down

Many of the posts make it sound like the stock price devastation needs to be combatted in some way.  There is no evidence that management is all that concerned about day to day stock price. The company is currently at about 1x FFO per share. Industry is 3-5x. EV per flowing barrel under $20,000 per flowing barrel while tge industry trades 35,000-75,000 depending on OGR. Earnings per share running around 3x eps where industry is 7-15x. In terms of reserves it's trading at 30% of NAV while the industry is at 125%. 

The short term trading price has no impact on operations at all so if management seems quite patient it's because fundamentally they have a very good company. There is nothing they can do about market sentiment so best just take a deep breath, go for a walk and be patient 

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