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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 Darcyslawon Mar 05, 2020 12:54am
245 Views
Post# 30768646

Different world

Different worldShort post, don't have much time. YGR doesn't really work well at these prices, better than many others yes, but shale / tight was not made for sub 50. Where are we going from here? No one knows, but I don't like what's going on in the world at the moment, and have liquidated a lot of my portfolio, include a significant share of YGR. My bet it will get a lot uglier before it gets better.

i think 2020 will be about survival for many o&g companies, YGR should just drill a minimum of wells, stay flat, pay down debt and live to fight another day.

as for production, I ran the numbers and Jan is down from Dec due to larger than normal declines (weather?) and new well just online cleaning up.

good luck to all, I'll still be hanging around but will focus more on other things too. YGR sure has been a (expensive) lesson since summer of 18 (horrible timing on my part!), still like them and believe in them but there could be better risk-rewards out there.

cheers, D
Bullboard Posts