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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 auburn2on Oct 22, 2019 3:11am
138 Views
Post# 30253860

From Investor Village

From Investor Village
The market worse fears have been confirmed. Although the composition of the resulting parliament is hard to read, the two most anti-pipeline parties seem to have been sidelined. BQ is high on the climate bandwagon, but I doubt they care much about TMX, BQ is all about Quebec, they could careless what happens on the other side of the country. My guess this new government will drag forward for a couple of years, after which we will have a new election. I don't think much changes for TMX in the end, but the chance of additional pipelines in Canada post this election is effectively zero. I also think carbon taxes will increase and overall federal taxation will increase. I believe international investors will continue to shy away from Canada based on this election results. Canadian oil stocks are unlikely to rally in this context, but again the sector is so down beaten, it is hard to see it bleed much more based on the status quo. But if we have learned one thing over the last many years never bet on a bottom for Canadian energy. Truly, a sad day for Alberta and Canadian energy investors. We have had too many such days since 2014. They say it is darkest before dawn, but this is if there is a sun on the other side. We are still waiting.
Bullboard Posts