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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 > They need to re-instate NCIB
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Post by pennydredful on Jun 24, 2022 9:21am

They need to re-instate NCIB

They   had  it awhile  ago  unexecuted  ,  then  bank  squashed  it  all  together  .  Company  should   be   in  a  much   stronger   position  vs.   bank   .  There   are   250  trading   days   in   a  year  .  Buy  25000   shares   per day     at  2.75    that   is    6250000  shares   for  17,200,000.
Comment by Hungus on Jun 24, 2022 10:27am
Can't say that I was ever a fan of an NCIB - for any company. All that really does is lower market place liquidity and make various "per share" type metrics look better (for those who care to look at such things anyway - these short sellers obviously DON'T). A sizable, non-variable, dividend on the other hand would be IMPOSSIBLE for a short seller to ignore... Besides, 86 ...more  
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