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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 25, 2024 3:22pm
56 Views
Post# 35845702

RE:Lvl 2

RE:Lvl 2What would be the point of knocking it down below $1? No delisting risk. There have been some big sellers of late but I doubt they are shorts because at these prices the fundamentals of the company are extremely impressive. Any short player with a lick of sense would see the short squeeze potential and steer away. They are trading at about 1x FFO and 3 times earnings. If soneobe thinks that's a good short I can sit patiently and watch them go up in flames. 
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