Yangarra Resources Ltd T.YGR

When Does This Become a Takeover Target

[Helloworld]

Continues to be a bottom performer day after day on no volume. At some point with a EV below $250 million and valued at under $20k per barrel someone with cash may step in?

[TheRexmember]

When debt drops a lot further and drilling results improve. Or gas prices take off.  Typically a sale depends on another company wanting access to a new or expanded land base. Or maybe rationalize ownership and facilities. Who would pay 300 million for this stream of cash flow combined with the unpredictable wells? Stronger operators with an acquisition model like say Spartan, don't pay