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 > Propane Prices

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Post by Helloworld on Feb 01, 2024 6:57pm

Propane Prices

Are at a 1 year high.

I believe is a decent proxy for YGR ngl prices.

Good news doesn't matter for YGR tho.

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Comment by margaritaman on Feb 01, 2024 7:36pm

If they do 12000 - 12500 with WTI hovering around $75 and NGL around $55 they should cash flow between $90M -$100M. Capex will need to be $60M -$70M for a decent FCF. Should get 2024 plan next week.

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Comment by Hendrick3 on Feb 02, 2024 8:46am

I was in contact with the CFO and he suggests press releases are coming early March.

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Comment by margaritaman on Feb 02, 2024 9:28am

That's way too late to be providing 2024 guidance and capital program.

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Comment by kavern23 on Feb 02, 2024 9:59am

That is in Pinecliff terrritory....PNE is doing guidance and q4 on march 4th.... Pretty obvious on why PNE is.... If someone can explain how PNE can pay their divy for all of 2024 I will buy them 5k in keg gift cards.

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