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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 Apr 10, 2024 8:01am
86 Views
Post# 35980701

RE:RE:RE:RE:RE:RE:RE:RE:RE:...YGR seems awfully cheap...

RE:RE:RE:RE:RE:RE:RE:RE:RE:...YGR seems awfully cheap...But proven developed producing reserves are fully developed with no capital required to produce those reserves. They are in effect the run down reserves, the send the crews home and milk the cow scenario. That's why I find it fascinating that any oil and gas company can be selling below pdp NAV let alone less than 1/3. You have a future buffer of more than triple assuming that the undeveloped proven reserves and probable reserves will be worth nothing which is also ridiculous. This is why I have my largest position in ygr. 
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