Yangarra Resources Ltd T.YGR

Dark Days

[Helloworld]

Today really hurts.. after a 9% down day (shortly after the 11% down day on the raise) with almost everything green we somehow end down 3% to a new 52 week low. 

Just insane...

3 month return of -30%. 

ATH - 3 month return is 40%.

Not sure how that is even possible in same sector. Just depressing.. with minimal volume so many sellers from the flow through feel this is in such an awful spot for shareholders.. 

Not sure what can turn things around.. on a fundamental basis seems like a no brainer with value at $22k per barrel but just an awful feeling these days.

[Hendrick3]

I bought more today. It is perverse that ATH has 8 cents per share FFO while YGR has 45 cents per share. That sort of relative value gap cannot sustain because ultimately it attracts a takeover and the gap closes. The share price right now is largely sentiment and momentum. When that changes, it should do very well. It's trading at less than 1 year's ebitda so staying low is just not

[Overertune]

Oil prices crash to 0 any minute, that is why small oil companies have PE less than 2.

[cfliesser]

The funny this is that if oil crashes to 0 I think these companies are even more valuable.  All investment will stop worldwide. We are already tight, OPEC will cut and shale growth will turn to shale decline... Oil market can't survive another crash. Will literally kill production and prices will skyrocket medium term. 

[TheRexmember]

One company has decades of inventory, zero debt,  hundreds of thousands of acres of non-oil sands land, a large joint venture with a super major, a couple billion in tax loss carry forwards, had a great Q4 and announced production growth as well as massive ROC plans for tge year. The other one diluted 8% of the company's after missing on pretty much all important management guidance

[Hendrick3]

A contrary perspective. Ygr is the cheapest stock on a share price to NAV of PDP reserves, FFO per share, eps. The 8% liquidation in hindsight was brilliant. They received over $2.50 per share, by passing through tax pools that they currently are getting no benefit for. I am loading up on today's air pocket which is obviously a large player exiting on an illiquid stock. This is an amazing

[Flush11]

LOL. There are no positives in that financing. Zero. The fact that the stock dropped even more is not a good thing. There is no potential spin here. It means that they failed in protecting the balance sheet and needed to raise money at ridiculously cheap prices to compensate for the poor financial managment. And then oil dropped 20%. I wonder what they plan to do next?

[Helloworld]

Agree financing is not positive. However. I think the stock has been beaten up enough to compensate. It is down an extra 20% compared to peers since the 8% dilution (which does also help balance sheet). The problem is once insiders are removed over 5 million shares handed to people who probably just wanted a quick buck and are now panicking and selling en masse into a market that typically has