Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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

Yangarra Resources Ltd > YGR & OBE Shareholders right now....

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Jul 12, 2021 11:54am

169 Views

Post# 33529849

RE:RE:RE:RE:YGR & OBE Shareholders right now....

Hey Derbon

I have been trying to figure that out.

This is just my "guess/thoughts" only...I suspect the reason for this is YGR was financially going to always have a tight first 6 months of 2021 due to COVID damage in 2020.

I suspect they cut the completations budget back alot in 2021 and didn't frac the wells hard enough. Look how cheap the per well costs were in Q1. They must have also been cutting back on tons used on frackin side.

I mean YGR couldnt capex more then CF in Q1...and they also didn't know commodity prices would increase so they would have went really "cheap" on the new wells.

I can't prove if this theory is correct as Q2 wells are not online as of May. June will really tell the story here. If the June Cheddarville wells come on better then it likely was due to saving money on the frack side.

Somehow this hasn't effected them with the bank lines as YGR is still drilling away.

With YGR not being so close to their debt limit hopefully they can spend more on per well csots.

I don't like risk and I am a cautious investor so at this point I will just watch and only re enter if it looks good.

I suspect YGR manangement will figure it out.