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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 Apr 11, 2024 2:36am
200 Views
Post# 35982680

April markets

April markets I don't think much will really shake out until q1 is released for most of these companies.

I am in just in awe how retail investors don't punish these smaller ng companies like Petrus or pinecliff or even ipo for paying a divy right now.
with the carrying  costs of debt being so high  and 1.32 aeco ng prices why wouldn't debt repayment be the number 1 use of funds for these smaller companies.
lol is a 0.5 cent divy that important...especially when these companies don't have cheap operating costs on ng.

Having financial flexibility in a downturn allows for options of doing tuck in property acquisitions which is another reason these divy payments by smaller companies is baffling right now.

cost of capital is prob why ygr wants to get wells tied in so fast after drill.

they loook to be locked in. Fracked 2 chambers wells in mid march which is crazy fast as one was spuded march 2 and 4 Ferrier wells later in march. 
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