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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

Post by kavern23on May 01, 2023 9:09pm
197 Views
Post# 35424123

Rex Ygr comments

Rex Ygr commentsRex are really shocked by the gas cuts?  I mean YGR does put on a slide 24% oil in 13,000 BOE day.
YGR was also lower on the oil cut as 8 wells they drilled in Q1...only 3 produced at all for Q1 and just 15 days. 

YGR's management team is going to these new areas to build reserves.  That's BNE issue...what kind of reserves can they book doing little wells here and there among existing vertical producers.

I think management financial discpline is excellent. Run things very lean.

If I had one crituque on YGR it has always not hedging enough.  Whever NG is over 3.80 in non Dec-March months...company should have 50% hedged.

Very clear and obvious whenever ng is above 4 dollars...it will become oversupplied fast with over drilling by industry,

But good luck to every company.
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