Yangarra Resources Ltd T.YGR

Q3 Benchmark prices

[kavern23]

Edmonton Light Sweet ($/bbl)

116.88

AECO monthly index ($/Mcf)

5.81

AECO daily index ($/Mcf)

4.08

Foreign Exchange Rate (US$/CAD$)

0.7662

[kavern23]

And NGL's look 58-60 ish...should be an excellent Q3

[fullyautomatic]

Thanks for the production heads up. It does look nice. Nice enough to buy some shares before the report??!

[cfliesser]

Depends on what gas price they get. Usually above aeco... But closer to daily or monthly ... The pipeline maintenance scared me...

[cfliesser]

Juts trying to comapre these to what YGR usually realizes. Last Q crude was just below bench, and nat gas above. Used same %s to estimate realized pricing based on what kav had for benchmarks.... Overall it is a 14% decrease in pricing across the board. I feel like this Q will have similar FCF to last Q since the increase in production will make up for the drop in pricing.

[Spos01]

Not sure how much difference the exchange rate would make. But for Q3 the average Forex is closer to .75.

[kavern23]

No dude, exchange was 77-78 cents all of July and August and exchange rate only tanked in last 20 days of Sept. Basically every currency sinking so much mid-sept against USD is one of the things that makes me cautious as f*ck to me in any type of commodity.  One more big leg down on currencys against USD will cause big demand destruction as it will get too expensive. Commodities are prices in

[masfortuna]

It looks like the US dollar is weakening and may have already peaked if that is your concern.

[kavern23]

Really happy to see that NGL's are still at an extemely profitable price. In past I remember seeing 30-40 bucks on NGLs very often. I am flairly sure YGR does over 40m CF in Q3, I would put it at 42.5M to 48M as most likely range. Very very good. YGR should have got more credit from the market for the Q2 of 50m and 30m net income, f*ckin phenomenal. Q3 isnt going to be that far from that

[cfliesser]

Hahah if this was on bnn and everyone knew about it, then I wouldn't be here! A good test I use is if an issue hits CBC and my friends start talking about it, then it's too late...

[TheRexmember]

I bought a little more today. Those oil cuts are just so much more profitable. On the liquids side I think people are also missing the change in propane prices are going to be longer term. Three propane export terminals on the left coast and two propylene plants in Edmonton- we are never going back to the disaster we had a couple years ago. Wouldn't be surprised to see a premium to Conway

[TheRexmember]

I would be happy with those numbers.  the balance sheet is sure cleaning up nice.