Yangarra Resources Ltd T.YGR

Shorts...

[kavern23]

Good job shorts with the iceberg sell order at 1.30...nice tactic of showing only 100 or 1000 shares for sale on market depth at 1.30 when you really have like over 50k shares for sale.

We took ya out at 1.30 lol.  Ya need to short and surpress way harder then that...rookie moves.

If the longs can ever take out the wall at 1.35....I want to be the first to take shares at 1.36 a new 52 week high.  Don't give a sh*t.

[ppp]

The shorts are just playing the hand they are dealt. IMO management is loading that hand. The problem with these guys is, they don't use their listing to their advantage. With the right NR the share price could be at 2. At  that point they could do an issue and get their debt down to 150 mil. This would allow them to spend all CF on production. moving the share price up,  win win

[kavern23]

PPP if management was too follow these short sight/temp moves...YGR would be bankrupt. I remember in the fall of 2019 saying on this board that share buybacks are a massively bad idea for YGR (at this point in time of YGR lifecyle). Just picture if YGR would have done the sharebuyback and then Covid happens and oil and gas prices hit the sh*tter. WE WOULD HAVE BEEN F*CKED.  YGR would have

[ppp]

At that time they would have been much better off buying back shares than pissing it away drilling. Look what that got them, 200 mil of debt. Fact is they don't use their listing wisely. Next, keeping share holders in the dark about key info is BS this is not a private company. As far as FCF I agree and I am not in the camp of drill at all cost, never was. That is why I wanted them to buy back

[kavern23]

Sure let's look at what 200M got them... -5 gas plants around the Cardium -100k acres of land -Equipment to have insanely low operating costs. and strategically having the lowest ARO I have seen..... The impacts of ARO are so underestimated by so many of you investors. YGR is not a flip just for ARO reasons. When the government mandates company spend 5-10% a year on their ARO I will be

[ppp]

Low ARO I give you that. Low operating costs, are eaten up by high declines. whats better low declines with higher operating costs or lower operating costs and higher declines I say its a wash. The market wants to know their production numbers over the last while, including the last wells so it can project FCF. If they got their ducks in a row on that front this is worth 2 dollars. If not its not

[ppp]

Thess guys have the same production as they had in 18 but 50 mil more debt. So in 19 the wheels fell off and from what I see they havn't got them back on yet. Anyhow I think I beat this to death and    will shut up for now. 

[kavern23]

Different viewpoints are appreciated...don't always have to be bullish.

[ppp]

Always a pleasure swaping points of view. GL

[kavern23]

Good news is the 1.35 block doesnt look to be Peters.  Just 25.3k shares at 1.35 before a new 52 week high. If the amount of money required is reasonable I really want to push it above 1.35 today.... Getting closer. Probably need a good EIA oil imventory report at 8:30.

[kavern23]

What's better...still spending a ton to frac the h*eck out of the well to show high 30-day intial production rates (cough cough Obsidan, In play, Anegeda in the Charlie Lake, pretty much everyone) or toning it down fracing abit less to show a lower capital cost per well. Well they both work right now.   I would take slightly lower intial producing wells at a cost that YGR is doing

[kavern23]

My biggest short term concern right now is I think the seller at 1.35 is Peters. Peters usually has more for sale then they show.  Could take 150-200k shares moving at 1.35...

[kavern23]

Markets are sure puzzling wild right now..... At 1:59...1 min before close someone puts a bigger bid...50K plus at 1.33... 6 59900 1.330 Make YGR so hard to predict...never know what tomorrow morning will bring...