Yangarra Resources Ltd YGRAF

After q4 Petrus and Ygr

[kavern23]

After reading both companies q4...I have changed my tune a bit on which company has the more waiting leverage and who needs the merger more to happen.

I mean one thing that hasn't been mentioned on the topic is some of you may not be interpreting the reason why gurdeep gill was madepresident...to also mentor management and build up future management skill and succession plan potentially.
Who is a natural management succession in Petrus? Do gray brothers want to be dealing with stress of  up and down ng prices for another 5 years or 10 or 2

I actually think Ygr management team is very good. If this play is going to be developed in a resource manufacturing pad style I can see why they tried newer and different completion technology. The time to try this is before they are  paying a divey. I would have done same in their shoes.
remember this management team  has a long term approach and need this to have survived the last 10 years that have had some really bad price bottoms.

Even going through work and effort of making an oilfield services division I think shows they expect to be doing this long term.

Could also be why ygr is letting Petrus win some land sales. 

Even though Petrus built a north Ferrier pipeline that is pretty cool as it crosses north sask river...slot of potential Petrus chambers drilling locations are probably not near pipeline or road leases.
ygr chambers develop is crafty as stay on north side of north sask river and it is a more of an extension for ygr from their Ferrier base westward.

[kavern23]

Petrus mentioned in their January video something to effect about potential property available. I suspect Petrus wants to buy Samsun energy a small tiny company with a couple of wells in chambers. Petrus can prob develop their chambers land base having Samsun cheaper. Shoot wells from this Samsun pad which would hit Petrus chambers land. If Samsun is for sale which wouldn't surprise me

[kavern23]

Maybe investor presentation and more new on belly river and wells results if they can close a small deal like a Samsun. These low aeco prices can't be good for Samsun to just sit and contract as not drilling. if you have an iPad and download Sansum energy land operations maps and Petrus presentation....sansum and Petrus are jv on 3 sections in chambers but in order to hit Petrus 100

[kavern23]

This could explain why belly river is on confidential status...to help ygr better be able to bid for Sansum if comes up. Sansum, website says their land is perspective for numerous zones. Ygr could have many reasons for not talking on belly right now

[Hendrick3]

I don't think YGR's first priority is more acreage. It may not even be on their top ten list. They have lots of inventory in every category. Their first priority is getting debt to $80 million and then to return capital to shareholders in hopes of raising their stock price to some sort of reasonable multiple. I think they are through with investing for more inventory in the future

[TheRexmember]

YGR releases less info on production from new wells than any other company out there. Whether good or bad so I am not reading anything into the BR well. It is probably a good well but they wouldn't release info regardless.  It's bizarre that you still think ygr has high quality management Kavern. The company would be much further ahead if they were that good. They lack at least two

[kavern23]

Rex...I am looking at the ygr lens from someone that has followed ygr since like 2017. Not too mean this in an arrogant way but anyone that bought ygr at in 2020 and really most of 2021 as well...could have doubled or tripled their investment a by June of 2022. I think too be blunt an investor was too greedy if they didn't dump ygr shares by January 2023...I mean ygr was 2.70. But not

[nearpeakfreak]

The Sansum acerage would be a good fit for either Yangarra or Petrus. However PRQ is the one most urgently in need of drilling inventory imho. NPF

[kavern23]

Hendrick the belly river is on confidential status, I agree ygr doesn't have to get more drilling inventory but if in this for long term I would assume they would look at tuck in property buys. If too expensive they can walk away. sansum should be in in 5-10m range if no plant. Not massive dollars

[kavern23]

Look at sansum website...how can they pay a cfo and other positions with aeco so low. These small under 500 boe a day companies are in big trouble imo. the bottom of cycle takes them out 

[TheRexmember]

Some of these companies are just lifestyle companies sucking money out of the company for little benefit to shareholders. The ceo and maybe one or two others are really the only ones benefiting. Samsun should sell cheap. The last company taken over by IPO seemed like that too. The ceo hadn't done anything for years but collect a cheque. It is less common in oil and gas than mining companies

[kavern23]

Rex one of the reasons not seeing much m and a in basin is the opposite...because so little 1000 a day boe - 50000 boe a day companies left. The incentive to get bigger should be much higher in the 1k-50k boe a day bracket due to cost of a new well in most plays. The 100k boe a day plus companies can handle 7-10m dollar Montney wells. If montney was 2-3m per well even would may see more smaller

[kavern23]

The fragmentated ownership of different zones in the deep basin of central Alberta  should also drive more mergers in this area. Northern Alberta was nowhere as drilled in 70 s, 80, 90 with vertical wells. everyone in montney has crazy amounts of drilling locations