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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

Post by gilllison Apr 18, 2022 3:31pm
109 Views
Post# 34611032

Pullback for sure at one point but NO oversupply

Pullback for sure at one point but NO oversupplyThe current level of Natgas in storage in the USA is near 18% lower than the 5 yr average and near 24% lower than last year level same time. In Europe, the situation in worse. AECO is usually lower than Nymex but tight now, it is higher or even. Production has not yet gone up sufficiently to meet the need of more exports to Europe and to replenish the storage. IMHO, Nymex price will stay high (near 7$) until the spring of 2023 at the minimum. This will provide TOU with tons of money.  I expect a special divi of 1.50$ min this week and potentially 4 more special divi of 1.50$ in the next 12 months. 
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