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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

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 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

Bullboard Posts
Post by Cardboard1on Mar 07, 2019 4:56pm
137 Views
Post# 29458090

In a class of its own

In a class of its own
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aYGR-2728154&symbol=YGR&region=C

I have reviewed most Canadian oil & gas financials and this company is quite special.

No write-off in Q4 unlike most, still generated a profit despite crazy differentials, still growing. Very high recycle ratios which we already knew from the reserve report.

Who do you know obtained a credit line increase of 28% (from $175 million to $225 million) in recent times?

Banks are quite worried right now about credit exposure to the sector while the market to sell assets remains frozen. It must take quite a bit of confidence in management, its assets and operations from wary bankers to boost a credit line the way they just did.

Cardboard
Bullboard Posts