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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 2:54pm
75 Views
Post# 35979628

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

RE:RE:RE:RE:RE:RE:RE:...YGR seems awfully cheap...How are pdp reserves lower quality relative to another company's pdp reserves? They both use NI 5101 standards for evaluation. The prices of different products used must be within 10% of the forward strip so all quality elements are already included in the NPV's discounted at 10%. I think you might have a subjective view that Bte product mix will perform better than strip or less worse than ygr. Your entitled to like what you like but the comparability of reserve reports is a good representation of relative underlying asset value. 
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