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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 Hunguson Jul 18, 2022 11:48am
152 Views
Post# 34831501

RE:Surge Energy started dividends recently

RE:Surge Energy started dividends recently You are a fool who is going on my ignore list now. Your hatefilled posts and baseless accusations have become too much for me.

As to your most recent drivel, I'll say this - Dividends will never support the stock price from falling - UNLESS the dividend amount is larger enough to cause an exceptionally high yield. SGY declared their 42 cent dividend re-instatement on May 5th, I believe, when its stock price closed at $10.53. At that stock price the yield would have been 3.99%. Completely friggin mediocre. Totally plain vanilla average. Right in line with the market-wide average %. Certainly, no big whoop-dee-doo. For that dividend to, all by itself, start supporting the stock price the yield would have to be getting closer to 10% or so, which would mean a stock price in the mid $4s.

On the other hand, if the yield was moderately higher than the average market-wide yield (say 2% higher or so) then, yes, over a period of time that stock would eventually be brought back in line with said average. It's just another indicator of an undervalued condition, much like a low price-to-book metric or low p/e metric, etc. Many stocks can stay, irrationally, undervalued for YEARS! Eventually things work though. Always.



pennydredful wrote: But     the   stock    has  gone   down  since   .    So   dividends   are   no   panasea  .  


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