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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 Jun 12, 2024 7:26am
90 Views
Post# 36084223

RE:RE:Some quick questions please

RE:RE:Some quick questions pleaseAngles, nobody has better fundamentals to share price than ygr at this price. Trading at market cap at around 1X ebitda and EV at 2X ebitda. The rest of industry trades at around 3x.and 5x. Their PDP reserves NAV are 3X share price. Why are they so low? Management had a bad drilling performance in 2H of 2023. Had a great 1q 2024 but with gas prices so low there is no impetus for a rally. I figure they will have a break out in the next few weeks if we get some help on natural gas prices. The other players have held up better because they pay a dividend which they borrow to maintain. Ygr is the best name to survive in tough pricing as they have super low cost structure and have recorded earning throughout these tough years. 
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