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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 kavern23on Nov 18, 2024 12:52am
118 Views
Post# 36317509

RE:RE:RE:ARO and Debt Comparison YGR, IPO, and PRQ

RE:RE:RE:ARO and Debt Comparison YGR, IPO, and PRQInplay oil is in trouble long term if they don&#39;t get entrada and obsidian outbids them.<br /> entrada only drilled 4 wells this year and q1 2024 they state production is like 3900 boe a day.<br /> Lower commodity prices are going to force hard decisions for smaller companies as if they shrink too much have to take bank debt to do next drilling program.<br /> Ipo cash flowed 13.4 and entrada has similar assets so probably cf 4-5m in q3.<br /> <br /> I really like obsidan energy for medium term now they are strategically placed.<br /> if obsidian belly river hits in Willy green which it should, entrada oil battery would be very useful.<br /> <br /> Lower oil prices and lower aeco hedge curve will push more deal soon.
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