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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 kavern23on Feb 08, 2023 4:48am
143 Views
Post# 35273663

RE:RE:National Bank - Jan 6 2023 Report

RE:RE:National Bank - Jan 6 2023 ReportFlush11..I mean Rex (you are obviously same person) did you pull Q1 2016?

YGR was at 3100 BOE in Q1 2016.
YGR grew like 9000 BOE over the years all through drill bit, without issuing equity, navigating sub 2 dollar NG prices at times during these years, and having to build gas plants and infrastructure from scratch...to only have 135m debt at end of 2022.

Nobody else in Cardium did this. OBE, IPO and BNE didnt.  Those companies basically are flat over the yearsproduction wise and bought existing production to show growth.

How did YGR do this...cost control.  Cost control has been YGR competitive advantage.

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?




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