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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

Post by kavern23on Dec 11, 2023 4:25pm
142 Views
Post# 35778665

Positive..

Positive..I know it is a hard day for YGR but positive is YGR at least has low operating cost wells that wont have to be shut in due to prices.

But the brutal reality is old mature fields will have wells that will get permanent shut in from this commodity downturn.  And this could lead to impairment write downs for some companies. 

The next 3 months are going to be tough and volitile for everyone.

Just be cautious is my only point.

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