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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 > ATB on new wells
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Comment by Hendrick3on Mar 28, 2024 3:36pm
106 Views
Post# 35958832

RE:RE:RE:RE:ATB on new wells

RE:RE:RE:RE:ATB on new wells

more from ATB report.  amazing FCF for  given based on 2024 strip pricing which is extremely low for 2024 



Strip Pricing Valuation: Based on current strip prices, YGR is trading at 2024 EV/DACF multiple of 2.0x. Referring to initial 2024 guidance that was released on March 7, 2024 with Q4/23 results, the Company has cut back its capex this year with a 2024 capital budget of $70mm compared to the $93mm spent in 2023, with the 2024 budget being mostly weighted to H2/24. For 2024, at strip prices, we are estimating production of 11,251 boe/d (41% liquids), CF of $93mm, capex of $70mm, resulting in free cashflow (FCF) of $22mm.

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