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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 Hendrick3on Mar 24, 2023 12:37pm
129 Views
Post# 35358871

RE:RE:RE:RE:RE:RE:OBE increased debt facility

RE:RE:RE:RE:RE:RE:OBE increased debt facility Kavern, as you know I am a large shareholder in OBE and follow them very closely. SL gave a return of capital plan presentation a few weeks ago where he outlined that they would initiate a stock buyback program and make efforts to expand the debt to take advantage of the massively undervalued nature of the stock. In the meeting he highlighted that buying back shares using even debt as necessary was the most effective deployment of capital even exceeding drilling wells. The two steps that needed to happen have now happened and so it would be quite duplicitous of SL to suddenly change the program. These days there is tremendous penalties for surprising shareholders (eg YGR) or not following through on a very clear plan. That is why so many posters believe the buyback has started or should start shortly. 
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