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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 TheRexmemberon Dec 14, 2022 8:40pm
171 Views
Post# 35172224

RE:RE:RE:2023

RE:RE:RE:2023

I don't think they have a choice. They drill or they decline. There is no point in owning a junior for dividends and buy backs. It hasn't moved any other junior stock significantly. 

if that is the goal there are far better options that are also a lot bigger. 


Cost of capital is pretty ugly to be a dividend payer at these production  levels. 

Sgy, bne, ath - all in double digit interest rate territory. 


 

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