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Bullboard - Stock Discussion Forum 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... see more

TSX:YGR - Post Discussion

Yangarra Resources Ltd > Pullback for sure at one point but NO oversupply
View:
Post by gilllis on Apr 18, 2022 3:31pm

Pullback for sure at one point but NO oversupply

The current level of Natgas in storage in the USA is near 18% lower than the 5 yr average and near 24% lower than last year level same time. In Europe, the situation in worse. AECO is usually lower than Nymex but tight now, it is higher or even. Production has not yet gone up sufficiently to meet the need of more exports to Europe and to replenish the storage. IMHO, Nymex price will stay high (near 7$) until the spring of 2023 at the minimum. This will provide TOU with tons of money.  I expect a special divi of 1.50$ min this week and potentially 4 more special divi of 1.50$ in the next 12 months.
Comment by gilllis on Apr 18, 2022 3:33pm
and l forgot to mention that YGR is a double from here. Wait the next quarterly report and this one will fly. Cheapest energy company in Canada. 
Comment by kavern23 on Apr 18, 2022 3:55pm
Take it out of % into BCF's. NG storage is like 324 BCf below 5 year average and 449 BCF below last year at this time. Heating season is almost done.   May, June and July will be huge build months. No new lng plants. USA supply isnt going to stop at 95 BCF.  Will hit 98 BCF in May or June for sure. Companies are going to hedge and take this gift.  NG is so cheap ...more  
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