Yangarra Resources Ltd T.YGR

Management pay

[kavern23]

I think a person has to recognize that the modern oil and gas companies that exist have a lean number of executives. Most of these companies are running 5 person teams which in boom was larger.
all of these executives would work crazy stressful hours. Easy to armchair criticize on a computer when never having done a senior role in career.

wasn't good succession planning in oil patch in some cases due to some downturns.
pay is going to be good due to this not alot of experienced talent unemployed.

it would add a layer of stress running so many services internal, good companies pay their employees well and fairly.

see what 2024 brings, feb looks

[fullyautomatic]

Hey Kav, No doubt it is easy to criticize on here. But don't think some of us haven't done it....  It's alot different when you are doing it with your own money and by yourself to start.... there is no choice swim or drown. None of these guys are Mike Rose I'm ok with mgmt being paid well. Pay them. Don't pay them by dilution and greasy comparatives. I may not be a

[TheRexmember]

Management is supposed to get paid when there is great performance. Performance here is so poor they are routinely laughed at by industry executives.  Million dollar comp for this level of performance without more people screaming is bizarre. This is NOT a lean operation. For a 10,000 boe/d producer they have a bloated management team that still doesn't have enough technical  

[Helloworld]

I don't really have a major issue with 2022 and this report. 2022 was a year with reasonable results (growing production and good debt reduction) Pay is excessive but dilution was only a little over 500k shares.  I already know the next AIF will be ridiculous. They handed out over 3 million shares a month ago so the next report is obvious.. Despite production declining on the year due

[kavern23]

Almost every company has good debt reduction in 2022 but who really did in 2023?..for cardium players... facts: Petrus debt up 12 million from 2022 to 2023 Bonterra debt down 8.5m from 2022 to 2023 but in order to even get that they had to drill so little in q4 2023 that set up poorly for a high q1 2024 oil production. Bne s q1 oil production isn't great compared to past years. In play oil

[pennydredful]

YGR   needs a new banker  as  current   one  is   too  restrictive  re   share  buy  backs  , however  with   banks  drinking   the  green  energy  koolaid    it  may  not  be  possible as  they  are  cutting back   

[kavern23]

Penny i respectful disagree...the only reason ygr should ever borrow and increase debt right now with aeco curve so low until fall is if good oily unveloped land came up for sale in Ferrier. otherwise any dollar should be on debt. I could see the reason to start share buybacks even at 100m in debt if ng is even 2 bucks  I think to drill buybacks even at 1.50 aeco ygr needs to be at 80m like

[pennydredful]

Respect is  mutual  and I never doubted  yours. I  think  the  issue  for  you is you  are focusing on absolute  debt  instead  of   the  percentage   of  debt on  the balance sheet. If   this company made  widgets instead of being  in the  oil and gas  business , the bank

[pennydredful]

Banks  play  footsee  with  Trudeau re  his taxing power over them. 

[TheRexmember]

To be fair to YGR and everyone else, the banks did move the goal posts. Maxing out at 3X debt to cash flow usedt to be allowed by most banking syndicates. Now 1.5x is really pushing the limit with lots in the .5 to 1X.  Some of it is an over reaction to politics, some was reaction to the Redwater decision. Going forward companies should try to use multiple forms of debt with different terms

[pennydredful]

Recent  convertible bond  placed  by  Journey  all  placed  outside  Canada likely  all  in the  US   in  Cdn   $$$.    Your   comment  is   well  said  and  remember   this    CFO   is  bringing   in  almost  one

[TheRexmember]

Lol Kav.  There s a reason BNE is up 35% since start of the year.  Great, predictable, low cost drilling results  115 sections of Charlie Lake land picked up for peanuts 46 sections of Montney land assembled for less than the cost of one YGR well not to mention record quarterly and annual production  and a Montey well behind pipe.  There is management

[kavern23]

Rex...aeco is actually under 1.20...and it's only mid april. do you think  Bne management thought ng would be this price when they drilled that montney well? the problem for Bne is they outlayed 35 million on montney and Charlie lake buy without it adding anything to near term cash flow. And cost of debt is so high. I mean unless you count the 300 boe they got with Charlie lake. that