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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 Apr 09, 2024 8:40am
79 Views
Post# 35978508

RE:RE:RE:RE:RE:...YGR seems awfully cheap...

RE:RE:RE:RE:RE:...YGR seems awfully cheap...Bte was brought as a comparator because it's on the overvalued side of  NAV PDP reserves relative to share price while ygr is on the super cheap side. There were about 20 stocks on the chart.  They of course not at all comparable against each other but were an example of extremes on the chart and how reserves which is the cornerstone of oil and gas valuation really isn't used by retail investors. I think that's an oversight. I think the other poster might have held Bte and was rationalizing their undersized reserves. The market always has the final say. 
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