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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 > Going Down Down Down
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Comment by TheRexmemberon Aug 15, 2023 9:16am
103 Views
Post# 35588638

RE:RE:RE:RE:RE:RE:Going Down Down Down

RE:RE:RE:RE:RE:RE:Going Down Down Down

Yes, agreed YGR is in the penalty box compared to IPO. 

IPO does have much lower debt, bought quite a bit of land with their last takeover and basically saved the company two or three years ago with exploration drilling. They moved production from under 5000 boe to 10,000 before shutins last quarter in about 3 Years. So that is decent. 

IPO issued a lot of stock for the last acquisition's and didn't hedge any gas but they have been solid drilling operators. I have some doubts about their land quality too. 

 

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