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.

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Yangarra Resources Ltd > Ugly Ugly Ugly

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Comment by Hunguson Nov 04, 2021 2:04pm

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Post# 34087876

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ugly Ugly Ugly

There's more to growth than BOE/d. You do realize they made significant investments to reduce costs, right? They were wise to do those investments in lieu of drilling/producing last year when the energy market tanked / went negative. Plus, due to technicalities, there were significent shut-ins of high-volume wells this quarter in order to complete drilling on some new ones. All of which should be back up and producing now. You'll get your BOEs soon enough.

The future still looks sweet for this company, imo.

derbon99 wrote: Which would be fine (not really fine because all the companies plan to reward investors) if there was 30 or 40% growth
YGR went from 13k bopd to 8k bopd
Amazing use of cash flow :-)

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