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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 Jun 11, 2024 9:40pm
85 Views
Post# 36083934

RE:KIng of Oil and Gas Financiers

RE:KIng of Oil and Gas Financiers

Penny I was thinking about their strategy. Their last big purchase was the old Lightstream/petrobakken assets. Lightstream went bankrupt because the geniuses put a lot of debt into a large convertible debenture. It work a few times when oil prices were high. Dilution at a higher stock price no big deal. Then there was a lot of US denominated debt. 

the convertible wasn't converted, the C dollar tanked, oil tanked, the idi ots never had any currency hedges and they were running the company too hard. When prices tanked the decline rate and debt killed them. 

now here is Saturn arranging a large convertible debenture in US funds...

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