Yangarra Resources Ltd T.YGR

Bargain days

[Hendrick3]

I loaded up the truck today. Somebody wants out and I was obliged to help so I did. To that person whoever they are, thank you thank you thank you. The money I am going to make when this stock gets noticed will be huge. I invest with an assessment of upside vs downside. Upside $6 stock price. Downside is $1.65. Best Buy of the year.

[gold_diggers1]

. I have been tiptoeing into this YGR.  Should I jump in with both feet? . Just curious why YGR is languishing at $1.80 when oil is near $95?  Any insight to share?  Is it because YGR is just a junior that no big money is interested in it?  What has to happen to make big money to come in? . GLTA

[jeffrey8]

In a nutshell Management has a credibility problem. They have consistently overpromised and underdeliivered in production and they have not aggressively paid down debt. Other names are doing the opposite so they are getting the attention

[Hendrick3]

That was very true in the 3q. I think things have changed dramatically but their reputation is hurting. That is why I am buying now. The compan is producing great FFO 38 cents per share in 4q alone. You want to buy when they are out of favor and sell when they are everyone's favourite. The fundamentals are fabulous and recent drilling is a massive improvement over 3q. If you wait to buy them

[TheRexmember]

These guys definitely need to provide clear updates so they would be easier to follow. They were clearly over promoted going into the down turn. Reserve write downs, type curves reduced and spending increased look bad, but I think they are behind us. If they can maintain this drilling  pace we will have a wall of cash coming in H2. Q1 will have modest growth picking up after the 8 well pad is

[Oilpig1]

Thank you, I know the end game now: ORLEN Upstream Canadas goal is to build significant positions on a portfolio of emerging light oil resource plays in Alberta, Canada. This is a huge company

[Oilpig1]

Here is the reference: https://www.orlenupstream.ca/EN/Company/Pages/default.aspx It was late, I just posted

[TheRexmember]

I am hoping it goes the other way.  We buy some of Orlens production. YGR is far better at managing cardium ops than Orlen. Orlen should move on to a bigger play.  Duvernay or Cardium.  wondering who winds up with Repsols Deep basin assets. Spartan?  I think CPG wants their duvernay land. 

[fullyautomatic]

Kav told me that PRQ is the partner on the 14 well pad. Not Orlen. I don't think it's 50/50, however I'm not 100% on that. Somewhere I thought I had found it was 66% YGR on partner wells and I don't think it was all 14.. I bot another swack yesterday and today. Strangely enough there seems to be still a seller lurking. As others have mentioned YGR screens so well here compared to

[kavern23]

For sure not Orlens and it is Petrus that is our partner. And we fortunate Petrus is our partner as YGR probably is going to run out of gas plant capacity in Ferrier and Petrus own partial interest in a gas plant with CNQ that can be used for excess NG from this 14 well pad. Orlens isnt in west ferrier...they own land south of west Ferrier which is also close to Petrus. YGR working interedt isn

[kavern23]

also a great sign Petrus has moved from 1.36 on Jan 27th to 1.66 now.....

[kavern23]

I think it is usally end of May when companies have their bank review.... Whole 14 wells should be on by that date....

[Oilpig1]

Thank you for that update, you certainly know your stuff.

[TheRexmember]

Well Kav is wrong. Its Orlen. And its 50/50. They do have an IRndepartment guys.

[kavern23]

I could prove it in petri ninja but here is an easier way to prove it is Petrus: https://www.petrusresources.com/files/Presentations/PRQ%20Q3%20Corporate%20Update.pdf Rex...go to slide 8...see the sections petrus has....that is our west Ferrier wells? Rex explain the bottom right hand corner of section 8...you can even see our prior West Ferrier wells on that slide...

[kavern23]

YGR has JV's with Orlens in other spots...maybe you and IR got confused on that.... But west ferrier no.....

[kavern23]

And Rex...your whole 50-50 thing which you seem set on doesnt even make sense if you reconcile back to guidance... The Company's Board of Directors has approved a capital budget of $105 million for 2022, which includes the drilling of 30 gross wells.  Gross wells are total.  Net is like 26 wells to YGR.  If we were 50-50....we wouldnt have 26 net wells...and YGR

[Oilpig1]

We can agree then, Orlen, is in some way involved with ygr?

[TheRexmember]

Well I don't know how to answer that other than you are using irrelevant general data to argue a simple question.  I just called the company - this stuff isn't restricted info. Not sure why its a debate.  guess we will see on the Q1 update. Betting on 10,400 for Q1, hope it's more.   

[kavern23]

Number 1.  Where are you getting this "restricted" part? I clearly stated you can see it for free on Petroninja or altrernatively you can see Petrus is the partner with YGR on their investor presentarion on Petrus website.  Anyone can access the Petrus website...nothing restricted here.  Just alittle reading. Number 2. How is Petrus presentation that clearly shows them

[TheRexmember]

Just basing it on current production plus first 3 Orlen wells on production and the final 3 Orlen wells that are cleaning up right now.  And just a guess on decline rates based on stated decline rates. Yes a guess. Nothing so fancy as an unrelated website from a JV psrtner drilling somwhere else. 

[kavern23]

I think you pulled "orlens" from Petroninja......so you werent out in left field.... But then I think Petrus traded land with Orlens as Petrus and Orlens have overlapping land all over the place. The reason why Orlens would have traded with Petrus is Orlens has no gas plant. Petrus does.  At one time it was Orlens.

[kavern23]

So what woukd YGR's capex be for Q1 if you assume it at 50-50?

[kavern23]

Rex dont play games with me bro....here is title agreement number...is that irrelevant? Here this shows when Petrus bought it even lol but small parcels...why YGR is still large working interest holder in this: 0050506010263 01 AB PETRUS RESOURCES CORP. ACTIVE 12-JAN-2006 31-DEC-9999 256 $218,529.00 And Rex if