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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 kavern23on May 17, 2024 12:00pm
103 Views
Post# 36045645

RE:Some gas production shut-in - uneconomic

RE:Some gas production shut-in - uneconomicMore of these shut ins are going to have to happen but a start.

The problem in July or August when it opens is texas is opening a big ng pipeline...matahorn or whatever is called that will ship 2 bcf a day out of texas.  NG is almost worthless in texas right now..like negative to 50 cents depending on the day.

however Aeco shouldnt be as nasty as right now as a TC energy pipeline is down for maintenance to western USA right now and that is trapping more NG in canada.

being a cheaper producer like YGR is best way to survive rest of 2024.
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