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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 Helloworldon May 29, 2024 11:35am
73 Views
Post# 36062422

RE:RE:80 Million Debt Target

RE:RE:80 Million Debt TargetI like the concept that at $80 oil and $3 aeco (could be case in Jan 2025 when debt target is reached) and today's share price.

If they took a month off drilling they could buy back 10% of the company. 

My vote would be for that. Continue high graded opportunities, JVs, buybacks, debt reduction. 

Debt reduction is a big deal also. Going from 120 million to 80 million means 4 million less in financing in 2025. 





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