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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 kavern23on Nov 01, 2023 4:11pm
91 Views
Post# 35712043

RE:RE:RE:RE:RE:RE:RE:RE:RE:Great Job

RE:RE:RE:RE:RE:RE:RE:RE:RE:Great Job The problem is going to be if winter is delayed.
NG got alot of fortunate events in 2023 to even be at this prices in NA, wildfires and hottest temperatures this summer like on record.

One variable that dont need to guess on is production levels will be high, that we know.

We dont just need cool weather and heating demand, we are going to need actual freeze offs of wells.

The big issue is the models in USA for week ended November 17th...5 year average is a 50-55 BCF weekly draw.  The models are at a 2 bcf weekly draw. Nowehere good enough.

Past Nov 17th is not out yet but we need to see -50 draw at some point in November or it is trouble.

Europe has over 250 BCF more in storage right now that in 2022 and 2022 turned out to be fine over winter.

25 BCF of storage left in Europe. At 3917 BCF 100% full.  3889 BCF right now as of Oct 30.

November is a very critical month which is why i am doing nothing until close to December.

I dont think retail stock market will catch on fast enough so I have time.
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