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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 Helloworldon Jul 29, 2022 4:14pm
143 Views
Post# 34861113

RE:RE:RE:RE:RE:RE:Kavern23

RE:RE:RE:RE:RE:RE:Kavern23
Production is a problem. 10.25k average over H1 when the guidance was 12k average over the year to me means they are behind. The problem with YGR is decline and the high capex to sustain operations. If they cannot get production up to 14 to 15k then they need really high wti and aeco to cover capital. With the insanely high WTI and aeco for Q2 to only FCF 23 million shows with only 10k production they are far from a cash machine. If they were at 14-15k production instead that FCF would have doubled which is where they need to be. Last year they suggested 50 million to maintain 10k and they spent 90 million and ended at 9k... until they prove they can hit production rates they will not fly.. a good Q3 may change things and then it should rerate quickly from there.. already 1/3 through the quarter..
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