Yangarra Resources Ltd T.YGR

Production and growth back under control

[TheRexmember]

Satisfied with the numbers. Per usual they write the shortest update in western canada. 

nice to see production is at 10,000 boe/d. They probably lost some gas production to freeze offs so for a net number thats not too bad. 

That 14.00 per share 2P number looks awesome 

they are sandbagging us on cash flow this year. I bet we do closer to 160 million not the 130 million they say.

[Mickey2]

i am unsure if YGR wants to avg 12,000 for 2022 or want to guidance exit at 12,000? if someone can straighten me out, would be appreciated.

[Hendrick3]

That is 12,000 per day average for the year. They averaged over 10,000 for 4 q but recent wells have them exiting the year much higher than the 4 q average. That is my take but please do your own due diligence. I think this report is a huge inflection point for YGR. I would imagine higher targets and analyst upgrades are on their way along with a higher stock price. Glad to be holding a bunch here

[ppp]

Agreed, presentation says average

[Hendrick3]

The highlight number for me is 4q FFO of 38 cents a share which annualized is $1.52/ share. Most of this sector runs at 2- 3x FFO which is $3.04-4.56/ share. This should be blasting off to the moon very shortly. 

[TheRexmember]

I liked the netback of almost 39;dollars too.  and that prices right now are 17.00 above the presentation assumptions. 

[kavern23]

So focused on WTI I didnt see YGR had a press release....I will be back soon...

[Overertune]

How much debt can they pay down?

[TheRexmember]

They are guiding for 25 million or so in FCF and debt reduction.  My estimates are closer to 60-70 million. Partly because they have such low price assumptions for the year and partly because they finally have some drilling momentum going.  a little bit of sell on history going on right now  but there is such deep value here now one day it pops like a coiled spring    

[TheRexmember]

The 12,000 is average for the year. They should exit over 13,000