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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 margaritamanon Dec 11, 2024 7:24pm
85 Views
Post# 36357901

RE:Great Release...

RE:Great Release...Agree this is a very positive update. The fact that they can keep production relatively flat at 11,500 or so while keeping capital spending in the $55M - $60M range is significant. This was what they set out to do at the start of the year and based on this news release I would say they delivered. The pricing used in the release seems very conservative as well so there may be a little upside on the FCF if AECO returns to it;s longer term average of $2.50.  Would like to see oil get closer to the 2500 Kav eluded to in his earlier note as this would make a material improvement to their FFO. A lot of tough sledding ahead but looks like we may have started to turn the corner. Stay tuned. 
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