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Yangarra Resources Ltd YGRAF


Primary Symbol: T.YGR

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. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Comment by Hendrick3on May 12, 2024 2:17pm
80 Views
Post# 36035970

RE:RE:RE:RE:Wow…cardium speaks

RE:RE:RE:RE:Wow…cardium speaks Despite all those difficulties, they earned 9 cents per share and had FFO of 24 cents per share. Pretty much the lone stand out in the sector so another quarter like that wouldn't be a problem. In fact if they can continue quarter after quarter out performing the sector like 1q they will be at $2-3 in a couple of more quarters. If PNE keeps having the same results for even 2 more quarters they will have to cut their dividend and will plummet to below 50 cents. But then again you did receive all those dividends so your way ahead unless you reinvested them in PNE ( tell me you didn't)
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