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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 Jul 31, 2024 2:42pm
146 Views
Post# 36156699

RE:RE:24 Million H1 FCF

RE:RE:24 Million H1 FCFIt is a great investment at this price I agree. Your concerns about bank pressure are not consistent with my discussions with management. The $80 million debt target came from the CEO Evaskevich and is simply a prudence measure to ensure they are sustainable through the ups and downs of this sector. This is evident when the bank did not step down debt levels after 4q which was the initial plan. Management says the banks are fully on board with management plans which was not always the case. 
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