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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 Aug 09, 2024 12:45pm
107 Views
Post# 36171622

RE:RE:RE:Hedging

RE:RE:RE:HedgingNot sure why so much talk about PNE here. 

Their quarter was actually much better than I thought it would be. Obviously had good hedges in place. 

Both PNE and YGR have room to rise when aeco recovers. Not sure why the animosity. 

YGR underperformed operationally and SP wise from 2020 to 2023. 

2024 is hopefully a turning point operationally. Well spacing, which affects declines and use of capital in Chambers has been really good and results have been good. Belly River has helped a lot as well. Done more with 25 million dollars in H1 than 90 million dollars last year but still being valued based on 2023 performance. 
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