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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 TheRexmemberon Dec 30, 2024 8:51pm
106 Views
Post# 36381727

RE:Ygr

RE:Ygr

That might be the way they get interest back into the company. A change in economics, a new play with some blue sky potential etc. That pushed the stock to 6.00 at one time so maybe retail thst kept an eye on it comes back. 

At least they had a few hedges in place to get through the fall gas fiasco lots were under hedged. 

They will need to really move the production and cash flow needle though. Lots of hard feelings in the industry still. 

Thinking I might dumpster dive and pick up some Pieridae now. Great gas hedge book takes care of the immediate pressure, the reaction to the recent financing looks ok and their sulphur contract is finished in 12 months. 1150 tonnes per day of sulphur goes from a contract of $6.00 per tonne to market prices - that should add 58 million a year to the bottom line before transport costs. New management should also help a bit. Might load up while stock still has zero respect. 

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