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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 TheRexmemberon Oct 12, 2023 11:03pm
90 Views
Post# 35681614

RE:Forecast

RE:Forecast

Lots of details in the gas market.

Europe has a similar amount of gas in storage but North American production is a multiple of Euro production. So Euro storage can plummet much faster. 

Last year there was massive curtailment of industrial usage. And Russian imports were significant much longer than expected. 

Every time there is a little hiccup in gas supply, TTF prices surge. 

And then there is the fact that The Netherlands ordered their largest gasfield shut in two weeks ago. Groningen was producing about 40% of Dutch gas. 

When you have some time look at the TNZ writeup by Cormark. It was posted recently on the TNZ channel at ceo.ca. My best performer so far this year. 

I am more optimistic than you in general but we will see what the weather brings. 

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