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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 Roland22on Nov 10, 2021 4:23pm
130 Views
Post# 34111985

RE:Q3

RE:Q3I have been a long time investor in YGR (since 2013).  I rode it up, down, and back again.  

After taking a close look at the financials and reviewing progress for 9 months in 2021: (1) Debt is higher, (2) production is lower, (3) all cash flow has been used to try and maintain production (unsuccessfully).  Clearly they can barely break even at today's prices.  This last quarter was the end of the line for me.  I sold out and am moving on to greener pastrures.  For those who are sticking around, I wish you well and hope that they find a way to crack the geology of their current portfolio in a cash flow positive manner that enables them to pay down debt and then return capital to shareholders and/or grow production.

Best, 

Roland

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