RE:RE:RE:RE:AECO Price You bailed on YGR due to natural gas price, sold all???
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Yangarra Resources Ltd. (
YGR-T, "buy" rating, $6.50 target, $5.98 consensus)
Analyst: "The third (alphabetically) in our top three company list of those poised to benefit most from rising liquids prices is Yangarra. The Company's liquids rich Cardium development play continues to deliver increasing production rates and strong liquids cuts. Given its 61-per-cent liquids weighting that drives nearly 90 per cent of its forecasted revenue with minimal to none of its production hedged, Yangarra's free cash flow could pop in Q2/19 and through the balance of the year if liquids pricing holds. The Company's relatively active, $100-million 2019 capital program that looks to drill 24 wells should also provide for the potential to see significant reserve additions again this year."
I admit, I took some profits but, it is more because the position had grown too large. 90% of revenues is from liquids so natural gas price is irrelevant. Plus these guys have hit phenomenal wells lately.
I will buy more if the price retreats at all.