Yangarra Resources Ltd T.YGR

Public Service Announcement

[fullyautomatic]

YANGARRA RESOURCES LTD.

YGR

TSX

4751100

-258

March 15 numbers above. NO NET COVERING 

WTI = $112.36

Borrowers holdng 4.75M shares about to be flame broiled. 
I will bring the potato salad

[pennydredful]

presumably   this   4,751,100   is  the   net  short position  which  is  a little  less  clear  in  your   note  so  clarifying   here

[Oilpig1]

Trading Central 6 month target $5.94 Morning Star fair value $4.10 Don't worry about shorts

[cfliesser]

Haha analyst targets such a joke. So meaningless. What matters is the beautiful production growth incoming.

[pennydredful]

The  important point to  note is not the target but  that Coremark is an institutional  brokerage  firm that caterers to institutions only  and  this research will be aimed at their clients from whom they hope to  get buy orders  which obviously can be more substantional than retail orders. 

[cfliesser]

Yea for sure! Agreed. Just think analysts are so funny sometimes.

[Oilpig1]

I'm wandering do we break 2.58 resistance and take a run at the 52 week high, or do I get to buy a 2.35 dip.

[pennydredful]

They   have  to toe the line if their brokerage firm  has  a past  and possible future underwriting capacity with the subject company.  Something to be mindful of.

[Oilpig1]

That analyst post could be the catalyst to get this to retest 52 week high. Analysts ratings upgrades and initiations usually provide a short term boost. Over the long term, I have found not so much. I honestly have 80% success with trade central, there is no human prejudice. This is the only program that impresses me.

[cfliesser]

It doesn't look like Mr. Market cares about some analyst's made up target lol

[cfliesser]

Some nice Nat gas prices. I hope YGR hedges more oil and gas right now. Unpopular opinion maybe. But rather have a bird in the hand at great prices than hope for even better ones.

[Oilpig1]

1st quarter April 13?

[cfliesser]

April 27th. See circular on website.

[fullyautomatic]

Hedges here would not disappoint me, although I doubt they would do any significant vols. Question for the group. Occasionally I will check on the drilling rig (Stampede Rig 5). The rig is drilling at Cow Lake area, first spud was almost a month ago and rig has not spudded a 2nd well, at least according to the info I have, does anyone know why? Rig broke? Breakup already? Holding my shares tight.

[fullyautomatic]

Sorry I have no idea why that was posted in a single line? Question was- why no new spud on Stampede Rig #5? 1 month on one hole?? Good luck. 

[Binkie]

Such a small market cap company with significant upside, I'd like to see them tame the debt as quick as possible which de-risks the stock as debt is the primary concern for me as an investor and the market as a whole. I wouldn't hedge future production (or no more than 20%) as the widespread consensus appears to be robust commodity prices will be the norm as supply has no apparent magic

[Oilpig1]

I have been watching 2 institutional investors accumulate the past 3 days on through dark pools, so expectations must be good. I bought more today following the money. I'm not sure on the status of rigs, if I get time, I will call tomorrow.