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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 pennydredfulon Jul 12, 2022 3:42pm
120 Views
Post# 34818925

RE:RE:YGR Decline Rate

RE:RE:YGR Decline RateWhen  your  drilling  for  oil  like YGR   high decline  is a good  thing  as  it means  you  are  getting  the product   out quickly  and can  recover   your costs   quickly  .  When  buying  production  high  decline is  not so good   if   price   is  based  on  per  flowing  barrel  .  Last   year   YGR    reported  2nd   Q    July    28th      so   possibly   16 days  away   . EPS    in  first   Q    was   .25   so   we   are  at   10 times   1st    Q  earning     or     PE  ratio   of    2.5   annualized .
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