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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

Comment by TheRexmemberon Oct 15, 2021 9:43am
119 Views
Post# 34008944

RE:Insiders Continue To Add

RE:Insiders Continue To Add

Quiet board maybe but the company is rocking and following the plan. 

- productionis moving up strongly
- prices are great for everything- strip gas prices are the best in a decade, oil is above 80 dollars and liquids are also strong
- they didn't dilute shareholders at all during the downturn - no drama with their credit lines like most junior producers
- THEY ARE ALMOST COMPLETELY UNHEDGED. So they are getting top prices
- drlling results are solid - the last oil wells are tight holes, so no info to the market or competitors for 12 months
- no need for spending on gas plants
- well abandonment obligations are under control so no drama there
- costs still under control for drilling
- a dividend is coming next year
- according to Nuttall's methods ths company is trading at about 60% free cash flow yields in 2023. That means the stock should more than double to reach average market valuations. 

6BM

six bucks by May.

luck!

 

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