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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 03, 2023 12:23am
118 Views
Post# 35715138

RE:RE:RE:RE:RE:RE:Rex wants Relevant Info

RE:RE:RE:RE:RE:RE:Rex wants Relevant InfoThanks for words of encouragement Fully. Glad to hear you were able to exit out of some positions after being in a few spots. I think some brokers like RBC dont allow shorting if stock under 3 bucks.
Part of reason I am stayin patient is a big hassle if my curent broker wont let me, need to find out soon.

At least with YGR if you have position they should be able to ride out a rough patch.

If the 2024 and 2025 hedge curve holds used for the reseve reports, at least YGR shouldnt get hit too bad on volume side just on value.
some companies that have higher cost NG assets will not only get hit on value but also have to show way less BOE's. IE some companies have NG only economic and shown in reserve reports with NG over 4.

Not end of the world as things can always get revalued if commodity prices go  up. But companies that have high ARO it is more delicate situation if have big reserve value down plus high ARO at same time...
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