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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 SHolddon Dec 11, 2024 5:58pm
72 Views
Post# 36357759

RE:2025 Capital Budget and Operations update

RE:2025 Capital Budget and Operations updatemanagement wants their low-priced options for another year. commodity prices peaked in 2022 with AECO above $5.00 and they still stayed flat?? It's all becoming rather clear. But yet they are "growth oriented and focused on growth through the drill bit." If 60M capex is a 90M cash flow or $1.50 return for every $1.00 invested, how does it makes sense to stop growing and pay out dollars. If they added another 20M capex it would 10M more FCF or 40M capex is 20M more FCF. I can't teach these guys math it's just poor capital allocation they've been flat for 5 years now but the most the market ever rewarded them was in 2018 when they were half their current size but had growth of 50%. Now they are double the size with no growth prospects and 1/5 of the share price. I think management is only focused on lining their own pockets, no inside buys, they want their annual salary and will only get stocks through options plans where they get the upside but no downside. i've probably made more open market transactions than most of them they are so far from owner-oriented I'm sick of these guys 
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