Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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

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TSX:YGR - Post Discussion

Yangarra Resources Ltd > Yangarra.....

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Post by kavern23 on May 09, 2022 8:16pm

Yangarra.....

I am not in YGR or OBE right now but considering price points to take intial positions in each.

I don't know yet on OBE....other then I feel I should wait some more yet before buying.

If market get;s nuts and YGR drops to 2.30 I am f*ckin ready too pull out the hammmer....

YGR is going to get out of debt problems well before OBE will. That's reality..is what it is. OBE just going to need a quarter to clean up the working capital defficiency....while YGR left Q1 in excellent shape...YGR actually has a postive working cap position.

YGR free cashflow is going to go to bank debt in Q2 instead of supplier catchup like other companies.

YGR has a sexy balancesheet...very simple.

If OBe drops low enough it does become tempting as well.

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Comment by TheRexmember on May 09, 2022 9:05pm

So far you have been right on waiting. Well done Kavern. i own both - about 10% more OBE. Think your right on it taking a quarter to clean up working cap. Don't think it matters though. In Q1 long term debt dropped 23 million at OBE while accounts payable ballooned. Q2 is predicted to have 60 million less spending- along with higher production and higher prices. Net debt will ...more

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Comment by fullyautomatic on May 09, 2022 9:17pm

Yeah man... took a haircut today... part of the game- been there done that, big boy pants etc. etc... To me it's an easy choice YGR all the way! Shareholders that watch this I'm sure would be glad to have you back here. Markets are nuts, I take solace that I hold with managment and fellow shareholders that don't run on days like today. WTI still getting thrashed, good news is we don ...more

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Comment by Oilpig1 on May 10, 2022 5:46pm

Oil shouldn't drop much below 95.80 if it does it will only be temporary. Natural gas managed to get back to the 7.09 support line. Watch the USD, they are inversely related.

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Comment by kavern23 on May 17, 2022 2:17am

Glad to see you doing well with YGR, fullyautomatic. You deserve the sucess, you stuck it out. Cash should be rolling in by the buckets right now. April production should be out on Thursday, I will run YGr for sure.

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Comment by fullyautomatic on May 17, 2022 9:26pm

Thanks man! Overall it's been good. I don't think I am being greedy looking for near a $4sp. Thanks for your work running all the production numbers. Looking forward to your figures

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