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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 TheRexmemberon May 07, 2024 12:33am
105 Views
Post# 36026247

RE:RE:RE:RE:RE:RE:RE:Still Here.

RE:RE:RE:RE:RE:RE:RE:Still Here.

Kav bne was only guiding for 14,500 or so for the year. Even with flush production their decline rate is a bit lower than YGR and the oil cut is twice as high so revenue should be holding. 

Too bad about the gas price, but whether tBNE pulls back drilling sharply or not they have a big Montney well to tie in plus the 300 odd barrels from Charlie Lake. Growth is baked in there. If anything they have been sandbagging on production a little. Might be boring for a few months but it's shaping up for a great H2. 

IPO looks steady to me. Again not a lot going on but they could afford to add something with a little debt. I don't see BNE buying anything while the stock is below 7.50 and probably more like 8.50 if it involves share issuance. Entrada missed an exit opportunity last spring. 

OBE is starting to attract drama again. The stock was doing quite well but I don't like the headlines. Still say Baytex is the natural buyer. Buy it and sell the cardium land positions in pieces. 

 

 

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