Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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

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TSX:YGR - Post Discussion

Yangarra Resources Ltd > Waiting for press release

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Post by margaritaman on Nov 29, 2023 3:30pm

Waiting for press release

Not expecting much here until they come out with Q4 exit production numbers and 2024 capital budget. Maybe next week. Still expect to see $8m FCF for this QTR which will put YGR within striking distance of the $80m dept target for late Q3 /Q4 2024.

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Comment by Hendrick3 on Nov 29, 2023 5:43pm

I dont think we will see any press releases until early 2024. Makes sense if they want to report year end exit rate.

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Comment by kavern23 on Nov 29, 2023 6:29pm

YGR needs to materially increase oil side production to 2500 barrels per day...even closer to over 3000 barrels to have any shot of a 8m FCF imo. I really expect a canadian oil stock market to like how it was before covid in 2015-2019. Nothing has changed other than OPEC managed to agressively cut production oil for a year. Better for canadian oil stocks if band aid is ripped off and the ...more

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