Yangarra Resources Ltd YGRAF

YGR

[pennydredful]

is  getting  some  attention   re   its   statistical  cheapness    and   looks   like  they  will  favour  more well  stimulation  to  get  after   the   bank  debt faster  vs.  drilling   more   new  wells . Dividends    coming in  do  give   investors   optionality   as  to  where  to  put that  new money to  work  ignoring the  tax aspect  (if applicable)   of  receiving  the  dividends  .

[kavern23]

Hard to say yet, they might drill more summer wells if April - June oil numbers are strong. Edmonton par prices are strong and they must be likley drilling more belly locations if results continue too look good. One belly producing the longest has 14k barrels of oil in assume 2 months and maybe a week..confidentual stage but can tell as it was too cold too frac until later jan. If these wells can

[cfliesser]

I firmly believe that until they reach 80M target no one will be interested in this. Need return of capital for this to shine. But it will be reached, just a matter of time.

[Flush11]

The question is what will the production be when they hit the 80 million mark? The decline rate is pretty high so if it continues to drop at the current rate it could put the company in a tough spot. eventually the 10% drop we saw in Q1 should drop to something like 6-7% per quarter as the flush production declines to the longer flat tail - is the company sub 10k BOE/d by then or sub 9k? The oil

[Hendrick3]

A recap??  Get serious

[kavern23]

yep lol...Rex doesnt want too admit YGR had a great Q1, turned oil side around from Q4.