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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 Feb 08, 2024 5:33pm
102 Views
Post# 35871124

RE:RE:NG

RE:RE:NGI think the answer is the demand will be driven by coal replacement. Lower LNG prices will trigger faster conversions and then demand will quickly step up. The bigger question is how will LNG supply keep up if demand takes off due to coal replacement. Right now nat gas is on a price ratio of almost 40 to 1 to oil yet has an energy equivalent of 6 to 1. They have the technology now to convert nat gas to diesel. At current price ratios they will move from oil to nat gas at a torrid pace. The differential is way too wide and the technology is there. The differential will shrink very quickly. 
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