Yangarra Resources Ltd T.YGR

Q3

[mukh6]

Having sold my entire holding following weak Q3 results and unless trust and credibility is established with the management, this stock has become univestable.

[kavern23]

Prob just in time.  Massive sell order that appeared at 1.68: 1.680 133200  

[cfliesser]

Too late now for the rest of us. But I'm not that worried. Went from being a 3$ target to a 2.50$ target in my mind. But selling at 2$ not a bad play. Undervalued after this correction though.

[Roland22]

I have been a long time investor in YGR (since 2013).  I rode it up, down, and back again.   After taking a close look at the financials and reviewing progress for 9 months in 2021: (1) Debt is higher, (2) production is lower, (3) all cash flow has been used to try and maintain production (unsuccessfully).  Clearly they can barely break even at today's prices.  This

[kavern23]

So many energy stocks are incredibly mispriced....and I am talking that they are too high....YGR is one of many. The bizarre thing is insider buying somethings actually mean a poor quarter. Can you imagine if WTI was 65 all year?   How would this company stayed within 210M?

[fullyautomatic]

That is a fairly easy question to answer! They would have diluted the shareholders. Just like Penn West just did, and IPO and BNE... Hmmm  Hypotheticals aside, I am still here and was disappointed in Q3 like everyone else. I'm betting on this horse and not shatting on the OBE board so..... careful asking questions that have easy answers. Good Luck

[kavern23]

Fair enough fullyauto, I agree it isnt right to all pile on.  Appreciate the reminder when I get out of line.  I will still be following this company in future as I like companies that are agressive with drillng. Always something to watch with YGR. YGR has that rig flat out 100%. Let's hope we all hit  good wells in Q4. GL

[oilypants]

Fullyautomatic You might have noticed he is not a class act.lol Thing is all bad news may be behind YGR. The Cardium is a statistical play so Q4 well results and production might pleasantly surprise from a low watermark and expectations. With miniscule ARO sizable land base YGR still has value. A merger or being acquired is also posdible as their cashflow is still decent. Q4 is hard to predict but

[kavern23]

Explain how YGR CF is decent...are trying to mock people's intelligence? Spending a capex of 61M for first 9 months and CF 58M is not decent at all man. YGR has increased debt by 4M since Dec 31 2020 and production is 8710 BOE for Q3. When I owned YGR shares I was expecting YGR to CF 35-40M a Q and capex 20-25 a Q. CF 25 is too little for YGR with the debt and capex needs each quarter. 

[oilypants]

Sadly your reaction is typical of an amateur energy investor. When you owned the stock you had blinders on and frankly talked poop mostly. Now you dont you show negative bias and if you had been even HALF as critical as you are now you would be so mad at yourself and everyone else. Followed YGR for over 10 yrs not hard to model higher cashflow if production capabilities are validated in Q4 by

[kavern23]

Okay buddy. You spend your saturday modeling. ZERO to prove to you.  Keep talking. 

[kavern23]

I am not showing negative bias at all. And if you never owned YGR before why do you have opinions on everything.   I have an opinion on anything Cardium. Why? Cause I could invest at any time. Why don't you use YGR as a learning experience? YGR management team stated Cheddarville was the focus of drilling. The minute YGR started to drill in other areas stated alot.

[oilypants]

' I am not showing negative bias at all. And if you never owned YGR before why do you have opinions on everything.' If you have to say it you know you are one of the most dishonest poster. Anyone can read your past posts to see your bias. Why perhaps its my job? Even with your bias reading between the lines I think you share my view YGR with such a low bar the stock could outperform with

[kavern23]

Great you can post in the future on YGR.  All future questons you can answer. See how you stop bullies oilypost? I just wont post. I dont need stockhouse.

[kavern23]

So this is bias saying this is the five well pad results since the tie in June...... In September well 1: 50.1 oil ber day average in Sept well 2  35.2 oil per day average well 3: 72.5 ooil per day average well 4: 113.2 oil per day average well 5  73.2 oil per day average So I am negative bias for sharing this?  Do you understand what this does to payback period not getting flush

[kavern23]

Be a man...go buy some YGR shares today and post it...come on Oily.... You want to contradict opinions so show some courage. Bank debt is what 10M under limit. Be a man oily... That five well pad is in cheddarville where YGR has majority of it's land. Cheddarville has to work or not?  I wont sugar coat.

[fullyautomatic]

Disclamer: I AM NOT OP!!! BUT I'm on the bid at $1.65 Type curve is unknown at Chedderville clearly.  To me all that really matters is WTI NAV and Debt.  WTI is not done going higher NAV  2P is $3.08.... 3P is +10.00  DEBT can be fixed by time AND WTI/ AECO strength 

[kavern23]

No worries man...I am pulling for you. Just saying have you considered how low the wells from 2021 drilling program must be? I thought they had 22 wells completed at end of Q3.   To see off things are...YGR in Q1 report had plans for a 60M capex and 17 well program for the whole year. Are they going to average IP360 of even 100 BOE on these 22 wells...I dont know for sure is why I am

[derbon99]

Sorry but after so many years working in Cardium we could expect them to know how to drill a half decent well.  They will find another excuse next quarter as they usually do...