Yangarra Resources Ltd T.YGR

Feb Production

[cfliesser]

Looks like a solid quarter.

Excellent results.

Total: 10,460 BOE (+600 over Jan)

Nat Gas: 7,610 BOE (+360 over Jan)
Oil: 2,840 BOE (+240 over Jan)

I predict Q1 avg results of around 10,400 BOE.
On track to 11,000 in Q2.

[Oilpig1]

Thank you, I was hoping someone would do this. I would like to see a 10% reduction in debt.

[Spos01]

So based on these numbers, would I be right that they are more of a Nat Gas company? If so shouldn't their share price be having more succes like Arc Resources? 

[cfliesser]

Not that close to ARX. YGR gets more proft from the oil than the Nat Gas. Its like 28% of production. Oil sells for 100$CAD, while Nat Gas for $30-50 per BOE... So even though looks like lots of gas, its less impactful to the bottom line. See ARX here: Oil is only like 2% of total BOE production. Very small amount. Lots of NGLs 2022 Guidance Crude oil

[Spos01]

Good to know, thanks for clarifying.

[Oilpig1]

The Monday effect might take us back to test 52 week high. I was hoping for another dip before the break out. I only have half the number of shares I want.

[Oilpig1]

Level 2 looks as though we are not going back to the 2.40's.

[Oilpig1]

Hmmm, Aggressive buying for a Friday afternoon, someone knows something

[cfliesser]

Kavern thoughts?