Yangarra Resources Ltd T.YGR

Q2 is out....

[kavern23]

Nope Q2 is just released:

https://boereport.com/2021/07/28/yangarra-announces-2021-second-quarter-financial-and-operating-results/

[Kramerkarma]

what's your take? 257boe ip 90 and under average on 7 wells.

[Hendrick3]

Lots of disappointment in this report. Net debt higher, production lower and with significantly higher prices FFO is the same. Something is not working at YGR. It explains why they didn't issue an operational update earlier. I sold mine a few weeks ago. I am very glad I did. 

[Mtklip]

yep, same here. I didn't like owning it too because it wasn't going to get the nuttsack bump like other small caps.

[derbon99]

A mess as forecasted  Zero Fcf during q2... or they have no more tier one or it is simply due to poor execution speaking about 10k in terms of prod with 7 "flush" wells is questionable at best raising capex with 200M debt, no fcf and no growth

[kavern23]

Actually that may only be only somewhat positive thing from press release...the flush wouldnt be that on those...5 would be middle of June and I think they completed other two in late June so those two would be early July. Means the 5 June wells must be somehwhat decent still if at 10,000 BOE.

[yuriblue1969]

Dollar situation better and wells just came online. I'm happy with update. Next q should be good.

[Druchii]

Agreed, those wells are going to be fresh while prices are elevated

[Hungus]

I'm happy as well. They're nothing if not consistent. Q2 Book Values: 2018: 2.64 2019: 3.37 2020: 3.59 2021: 3.85 Still way undervalued here...

[kavern23]

Yeah the minute i had sold my last share I was a happy person...it was strange experience. Someone outside the tsx was buying my shares . The volume traded on YGR would not change on my screen even though my sell order got filled. Think Alpha exchange or something it was going too. I panicked not just because I thought production numbers were weak....but because I thought this would lead to a big

[pennydredful]

Likely   higher  price  deck  helped  bank   review. 

[schoolinmoe42]

This post has been removed in accordance with Community Policy

[kavern23]

So help with the analysis then schoolmoe.... Why is YGR able to pass the bank review with sub 9000 BOE on 200M in debt.....what are possible reasons.  Other companies had more trouble.... I suspect YGR can get 50M plus while still keeping operatorship and a small working interest if sold all of it's gas plants.  They own 5 gas plants. YGR was very smart and crafty in how they

[SecondhandGnus]

Hey Kavern, you know more about YGR than I do and you contribute quality info but here are a few thoughts: 1. The Q2 report was disappointing in that I assumed production would be higher due to late Q1 wells coming on flush.  With present amounts >10K boe/d this is less important now. 2. Increased production may not lead to much free cash flow for Q3/4 due to more capex, but D/CF will

[kavern23]

I still follow YGR as I may rebuy in the future. I hope all of these cardium players succeed as right now it is not a "good look" for cardium to have so many companies struggling. Whether in share price or performance or leverage. I agree with your comments. YGR will need production to be at a certain level as they really need to cf 85M this year if they are going to raise the budget to