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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 fullyautomaticon Feb 07, 2023 4:48pm
139 Views
Post# 35272964

RE:RE:National Bank - Jan 6 2023 Report

RE:RE:National Bank - Jan 6 2023 Report
Flush11 wrote: Nasty.

The very next post by him has NBF ranking YGR dead last in their free cash flow coverage at about 4%. Fugly. How can a bank put out a 4.00 target - 60% upside - and then rank the company dead last. I wonder if it has something to do with their credit syndicate with YGR?

https://twitter.com/emmpeethree1/status/1618990187186655235/photo/1

I was looking through their old quarterly reports - they reported 12,700 boe/d in Q3 of 2019. 4 years and 100 plus wells later  - annual production is down 15% from that report. Debt dropped 60 million.

I realize they produce a lot of gas but what happened to the drilling results?




I took a look at that chart. To me it's non-sense. EV/DACF YGR is best value (of the co's shown) the right hand side of the chart, clearly is above my head. I don't know what that represents. 

Thanks for posting it anyways. 

The drillling results are what I have been whining about too. So far I don't know why the results lag the pre 2019 wells so much. Like Kav said, it must be a function of developmental drilling rather than single shots, over the long haul I guess this approach should in theory flatten declines and gather more of the OOIP

Even on the new land they are pad drilling right away instead of single tests. Boils down to being efficient I suppose......
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