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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Energy Oil & Gas E&P
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

Yangarra Resources Ltd > Rex
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Comment by Hendrick3on May 15, 2023 6:35pm
114 Views
Post# 35449226

RE:RE:Rex

RE:RE:RexTheir PDP reserves NAV is equal to $13 per share based on 2022 reserve report. They have abundant coverage if they don't drill a well for  a decade. They are drilling because they have a more positive price profile than current prices and with even a return to $74 WTI the IRR on these wells is over 100%. If you believe prices are going lower I can understand your confusion. 
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Dealroom for high-potential pre-IPO opportunities