Yangarra Resources Ltd YGRAF

...YGR seems awfully cheap...

[cuffy54]

https://twitter.com/rockcreekfreak/status/1776353694973587723/photo/1

[TheRexmember]

Very cheap on almost any measure really. Not sure how he came up with the numbers but really when Pieridae is in first place and the big Montney landholders are way down the list you have to wonder how important the reserve numbers that were reported are. 

[Hendrick3]

The reserve numbers are the best estimate of NAV available on an industry wide basis. There is reasonable consistency in the evaluation methods provided by NI 5101 which every company is required to follow. The bigger question is why do retail investors ignore these numbers when they are given so much prominence by the industry itself. For ygr to be trading at less than 1/3 of pdp reserves and

[nearpeakfreak]

Hendrick3 I totally agree that retail investors are ignoring the discout to NAV that YGR and others trade at. The only thing that will change that is to see strongly  valued companies like BTE using their valuations  to make  accretive aquisitions. Then the gap will start to close. We have not seen that happening in Canada yet. Here's hoping it happens soon. NPF

[pennydredful]

When the bulls  run  even  the   Tuirkeys (YGR)  fly!    20  year  downturn  means  much  supply  from  those   who  will  want   out  when they reach   the break  point from a technical point of view , however illogical that  is  

[Flush11]

perhaps. but one company earned a billion dollars last year and has land that sells for a multiple of the land value that the other one has. With multiple core areas and an enormous land position and incredible success in the Clearwater/Peavine. YGR shows good reserve numbers and hasn't made much progress after so many years of drilling in the same area code. More likely is that it shows YGR

[kavern23]

Yeah but why is Baytex being brought into picture as a comparable to ygr. and remember Baytex was 25 dollars in 2015 and is 5.30 today and shares have never had a chance to get beat 20 bucks since 2015. Was like 2 bucks in 2015 and stock owners if ygr have had many chances to get put with a profit as things have cycled. Some of you are missing out on timing the cycles and not patient enough. an

[Hendrick3]

Bte was brought as a comparator because it's on the overvalued side of  NAV PDP reserves relative to share price while ygr is on the super cheap side. There were about 20 stocks on the chart.  They of course not at all comparable against each other but were an example of extremes on the chart and how reserves which is the cornerstone of oil and gas valuation really isn't used by

[TheRexmember]

Same poster Hendrick. I have a different account on my laptop vs Ipad due to some bizarre tech issue.  I was trying to list some of the reasons why the big discrepancy on nav but frankly it always comes off a bit harsher than intended. I think the PDP is lower quality at ygr but I hang around because the retail and insider focus on this one will be a powerful move when/if there is a re

[Hendrick3]

How are pdp reserves lower quality relative to another company's pdp reserves? They both use NI 5101 standards for evaluation. The prices of different products used must be within 10% of the forward strip so all quality elements are already included in the NPV's discounted at 10%. I think you might have a subjective view that Bte product mix will perform better than strip or less worse

[cfliesser]

The difference is the capex required to unlock reserves by $ value. Nat gas wells have lower payback, so for the same $ of reserves you need to spend more in capex to drill. In general.

[Hendrick3]

But proven developed producing reserves are fully developed with no capital required to produce those reserves. They are in effect the run down reserves, the send the crews home and milk the cow scenario. That's why I find it fascinating that any oil and gas company can be selling below pdp NAV let alone less than 1/3. You have a future buffer of more than triple assuming that the undeveloped

[TheRexmember]

One of the biggest issues in the reserve report is the weight of future commodity production.  For example as production declines does the gas weight increase and or does the well gas out.  Cardium reservoirs are typically gas driven YGR in particular is.  but absolutely you are right I have a subjective view that oil is worth more and heavy oil in particular is great in a