Yangarra Resources Ltd T.YGR

Rex

[kavern23]

I didnt want to wreck my Karma and write the post and be a negative nelly ealier, but I knew Pinecliff was going to get crushed. If was younger and more ambitous I would have shorted Pinecliffe over 1.40 like hotcakes as number 1 thing to do. But I didnt. And I dont want to profit off others pain so I refuse to short anything. Just sidelines. I didnt want to be right on this and I dont take any glee.
I knew Pinecliff would have a really bad Q2 as Q1 showed it....yet the market ignored this.
PNE only CF like 19m after getting 3.74 on NG price in Q1. Divy is over 11m. Boom all a person needs to know to gather Q2 is going to be pretty bad.
1.56 and I think people fortunate if it holds 1.20-1.25 tomorrow. Likely lower than this. I dont follow trading enough on it.
The porblems just get worse when have wells that can produce so little ng per month. When spot Aeco is under 2.50...how does one justify doing any fix on a well producing 400 in revenue. So production levels can be sensitive to that aspect if prices fall below a certain theshold.

One of the things that helps lots of companies with old assets start producing more so fast after price spike is well reactivations. But negative part on other end if prices go too low.

[TheRexmember]

Hmm. Didn't think it was all that bad. Mind you my expectations were low due to gas prices.  They still have 50 million in cash.  Will see what the market does in the morning I guess.  quite the crude draw today. Inventory swings seem more volatile lately. 

[kavern23]

Aeco got a lift from the wildfires in Q2.  PNE was fortunate to get the NG prices it did. Big probem for PNE is they have a 558m market cap (until today starts trading) and they got over 2.70 for NG sold...forget exact number.,,which is still a decent price for NG in Alberta. PNE needs quite good NG prices to do well Aeco is heading to sub 2.20 soon again. Those Q2 results show they need

[TheRexmember]

Took another look at PNE, Kav. Have a very small amount in my wife's accounts because I like the ceo and the yield. My plan was to add a little if it hit the skids in August with the usual TRP pipeline access drama but it held up in June and July so who knows.  if you look at their numbers, the last six months are the second best in the history of the company after 2022. they were

[kavern23]

Looks lke drillingtalk.ca had a misprint and that CWC rig that went to provost went to another operator. So IPO is drilling nowhere in Cardium right now. Maybe they are trying to get FCF by scaling back...time will tell. BNE and IPO are not going to be stellar if YGR and OBE produced what they did in Q2.

[TheRexmember]

BNE should be on target. Not ahead like they would have been though.  If you look on the website rght below the presentation a link has the AGM notes. It was dated May 18th so it should have production numbers about right.  I traded back and forth between OBE and BNE a lot last year. Did pretty well by shifting to the cheaper stock every few weeks, although taxes bit me a little. I

[revelator5]

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[bvanisi]

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