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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 22, 2024 5:56pm
108 Views
Post# 36101841

RE:Shorts…

RE:Shorts…I am sure the shorts think < $1 status will create huge selling. Nobody shorting seems to be looking at fundamentals because there are much safer shorts than this one. I don't think ygr has any plans for doing stock issuance or debt refinancing. Last x change I had with CFO, the bankers are happy with their short term plan. Their debt is good until 2026.  Management's main objective is debt down to be $80 and then capital return plan. They have tons of inventory, great reserves and low costs. I have heard nothing about them wanting to grow by acquisition or by drilling excessively. Don't let you own impatience create scenarios in your head where they need to do something risky. They don't and silly rumour mongering can hurt the stock price even more. Don't forget we are in a big stock sell off in Canada likely cause by new cap gain inclusion rate. That may explain the weakness and the shorts. We are already at an EV less than $20,000 per flowing barrel. They would be better off selling assets than issuing stock. Remember their pdp reserves are valued at $3.75 per share 
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