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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Energy Oil & Gas E&P
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

Yangarra Resources Ltd > YGR/PNE
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Comment by TheRexmemberon Apr 03, 2024 1:10am
130 Views
Post# 35966789

RE:RE:RE:RE:RE:YGR/PNE

RE:RE:RE:RE:RE:YGR/PNE

Certus produced about 6000 boed - 50% liquids. which is why they sold for 100 million plus another 8 million in adjustments. Or roughly the market cap of ygr.

ygr is still below previous peak production with liquid cuts dominated by low priced ngl's. Oil production has been a disappointment for years. It might be turning a corner, sure appreciate company updates...

They need a couple of hail Mary wells on the oil side, some luck on the gas side ans/or a recap. Like Lucero or Petrus.

Sub 11k in high decline production after spending half a billion on drilling is not exactly killing it. 

Really don't know why you have dug in like a tick with this one. In quality and dollar terms PNE would be 5th of the energy companies that I own. But it destroys YGR. 

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