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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 May 03, 2024 6:45pm
131 Views
Post# 36022668

RE:Been 2 years

RE:Been 2 yearsYGR's biggest problem now is it was sent to the doghouse for a bad 4q and that often takes 6-12 months to be forgiven especially in a sector where there are so many bargains. If natural gas prices start moving and go above $3.50, this stock should do very well. $3.50 gas is actually very low relative to most jurisdictions and with lng Canada coming on line in 2025, we could be there by q4. Combine tgat with a cold winter and we could get over $5. Ygr has tremendous torque so natural gas price probably tells the story. A $2 stock price would be a modest expectation and more likely a $3.50 stock price if natural gas rallies. 
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