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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
Comment by auburn2on Nov 14, 2019 8:37pm
108 Views
Post# 30353933

RE:RE:Cormark Raises YGR FY2019 Earnings Estimates to C$0.58 EPS

RE:RE:Cormark Raises YGR FY2019 Earnings Estimates to C$0.58 EPSP/E isn't a good metric for E&P's. It will favour companies with lower reserves. For example Athabasca has 90 years of 2P reserves, so the depreciation every quarter is absolutely irrelevant to the underlying value of the reserves, but that depreciation is more relevant to companies with inferior reserves. For all intents and purposes you can subtract the depreciation figure in ATH's financials when figuring out its cash flow because the reserves will never run out. However ATH's P/E metric won't reflect this reality.
Bullboard Posts