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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 Hendrick3on Nov 23, 2023 7:51am
135 Views
Post# 35749690

RE:YGR Half Off Sale.

RE:YGR Half Off Sale. I discovered in discussions with management that YGR is not a stock promoter. They are building a solid long term business. While I am sure they are disappointed in the stock price, they rightfully cannot control the market. They have put up good fundamentals and are making reasonable returns in a horrible pricing environment. If people are looking to them to manufacture a higher stock price through promotion you may be in the wrong stock. What they are doing is buying the stock while it's on sale. Insiders own 22% of this company and have been buying more. They are doing what they do best which is low cost drilling and completion where there costs are about $15,000 per flowing barrel while industry averages over $20,000..obviously higher natural gas prices would help but the fact that they still are making $120million in FFO in a terrible price environment is amazing. As the CEO says we are taking an approach that should reward stockholders not stock renters. 
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