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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 Binkieon Jun 08, 2022 5:16pm
232 Views
Post# 34741777

RE:RE:So Quiet here...

RE:RE:So Quiet here...YGR has a lot of upside and I will be surprised if it doesn't double from here by year end. It's over doubled since the end of February and up over 20% in the past month or so. Based on the commodity prices you referenced cf, $9 is not an unrealistic share price as they would be generating over $1 per share of fcf or about $100 m from a company with a market cap of a little over 330m as of today. 1P reserves value it at about $9 per share. Production is increasing and guidance is still for 12kboepd and debt is rapidly melting. It's hard to get the smile off my face on days like we've had this week. Stay patient and enjoy the ride is my strategy. This is a Jim Collins story (he authored the book good to great)
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