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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 Mar 30, 2024 9:58am
77 Views
Post# 35960937

RE:RE:RE:RE:After q4 Petrus and Ygr

RE:RE:RE:RE:After q4 Petrus and YgrI don't think YGR's first priority is more acreage. It may not even be on their top ten list. They have lots of inventory in every category. Their first priority is getting debt to $80 million and then to return capital to shareholders in hopes of raising their stock price to some sort of reasonable multiple. I think they are through with investing for more inventory in the future especially until nat gas prices come back. Their challenges are, low nat gas prices, too much debt, and a grossly undervalued stock price. Anything that doesn't help those priorities is not a priority. 
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