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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 TheRexmemberon Mar 30, 2024 12:10pm
66 Views
Post# 35961066

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

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

YGR releases less info on production from new wells than any other company out there. Whether good or bad so I am not reading anything into the BR well. It is probably a good well but they wouldn't release info regardless. 

It's bizarre that you still think ygr has high quality management Kavern. The company would be much further ahead if they were that good. They lack at least two key people on the team. A driver with a better handle on financial strategies and someone with better technical ability. They are at least 18 months behind where they should be with both production and the balance sheet. Too many poor wells, too slow addressing leverage. 

They don't make great strategic decisions, they take too long to adjust to market changes and they get bogged down in dogma. So why would they be better at managing a bigger company? 

The main attraction of YGR is that it is "cheap". So cheap that it would not be accretive to buy much. If anything, PRQ would be the buyer in that transaction. They have all had success managing other companies and the Peyto connection would make them familiar with Chambers land. 

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