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Bullboard - Stock Discussion Forum 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... see more

TSX:YGR - Post Discussion

Yangarra Resources Ltd > National Bank has this as the cheapest junior they cover
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Post by TheRexmember on Apr 13, 2022 9:02pm

National Bank has this as the cheapest junior they cover

Trading at 1.1 X next years cash flow.

the average of the group is over 2.0 

both numbers are based on an assumption that oil prices will drop 20 dollars. 


Still stupidly cheap

Comment by EntngledOutlier on Apr 16, 2022 6:38pm
They also have a target price of 2.50, which makes zero sense to me.
Comment by forwardflash on Apr 17, 2022 12:22pm
Could be they think oil prices will fall due to a coming recession.  One of the major financial houses don't remember which one, predicts oil by the end of the year will be 79 bucks.  If so that changes everything.   
Comment by ppp on Apr 17, 2022 12:53pm
Aeco prices impact this company the most. The forward curve is over 5 dollars. This means for the next 12 months they are making excellent returns on their NG.  Should be able to bring debt down to 150 mil no problem. And oil at 80 is a very good number so this company is worth 3.50 no problem and NB is more than likely the short. 
Comment by forwardflash on Apr 17, 2022 1:13pm
Good points.  What's their Ng to oil ratio?
Comment by ppp on Apr 17, 2022 2:59pm
Q4 production 10,060 bbls Oil 2744 NGL 1687 NG 5629
Comment by forwardflash on Apr 17, 2022 3:57pm
tks
Comment by EntngledOutlier on Apr 17, 2022 4:25pm
They do have a projected oil price of $85. However, out of all the oil and gas stocks they recently covered, only YGR has a lower target price than what it is trading at.
Comment by pennydredful on Apr 18, 2022 9:53am
misinformation  from  a  troll.
Comment by pennydredful on Apr 18, 2022 9:56am
nice    move   thru   the  key   3.00   price    this morning   .  Will   be  marginable   above   the   3.00  level. 
Comment by masfortuna on Apr 17, 2022 5:55pm
No.  Which financial house. Paste the  info.
Comment by forwardflash on Apr 18, 2022 11:39am
Goldman Sachs Just SOLD Billions in Stocks… *AGAIN* - YouTube
Comment by pennydredful on Apr 18, 2022 12:36pm
Hey   Troll   .  Goldman   Sachs    sell   and   BUY    Billions of  Stocks everyday  !
Comment by forwardflash on Apr 18, 2022 12:50pm
Maybe so, but someone asked for my source. so there it is.  And EVERY T ME gas prices spiked like this a recession follows and crude prices fall.. The consumer is being ate alive by rising costs of everything, Food inflation hasn't even started yet.  But I'm thinkng since the US is now an exporter of NG, with more LNG plants approved but yet to be built Ng is the play.  FWIW
Comment by cfliesser on Apr 18, 2022 12:58pm
Of course. The chance of a recession is high, and this is baked into the SP. If there was no chance YGR would be trading much higher right now. But even it it does happen, we will still all make a lot of money in the short term.
Comment by forwardflash on Apr 18, 2022 3:05pm
That's the reason I'm looking at this one, it looks promising.   Wish I could have caught it earlier, don't we all LOL. Got one that I'm in early, eighty percent Ng, helium, 20% Light oil.  Guess I'll stick with that one. Tks to the posters for their help.  I've got this one on my watch list.  Good investing!
Comment by masfortuna on Apr 18, 2022 1:32pm
??? I asked you for the souce info on National Bank that you posted. 
Comment by kavern23 on Apr 18, 2022 3:06pm
A recession isnt going to kill Natural Gas prices as oversupply of natural gas will first. Going to get ugly on the oversupply this NG price bubble is creating. Companies stopped drilling so hard for NG in 2021 as NG was like 2.50 range right now... USA production of NG is rising rapidly and also in Canada. 95 BCF a day in the USA on the weekend.  Last year was like 90. Double the rigs ...more  
Comment by ppp on Apr 18, 2022 3:35pm
A chart for you guys.  https://www.eia.gov/dnav/ng/hist/n9133us2m.htm
Comment by forwardflash on Apr 18, 2022 3:50pm
Nice chart!  Rest my case.
Comment by kavern23 on Apr 18, 2022 4:04pm
PPP...convert that to BCF a day..... I have seen USA in 2022 at daily records of 13.2 BCF a day exported through LNG. I used too see it prior years at as high as 7-8 bcf a day on record days and some days 4 BCF. Companies need time to adjust too higher prices but they can easily produce and close what is exported.
Comment by gilllis on Apr 18, 2022 4:33pm
time to get out of your cavern and realize that natgas is and will stay strong. Maybe a pull back of 10-20% will come sooner than later but price will go back hard to 8$ by october. You forget that the US has committed to supply natgas to Europe for the next 10 years at least in replacement of Russian gas. This is a game changer. No more cheap natgas and this is why energy companies are going up ...more  
Comment by kavern23 on Apr 18, 2022 4:53pm
bro...do you realize why Europe has pushed climate change agendas the hardest? lol it's because they don't consume much ng and oil compared to other markets. only Germany is a top ten of coutries of ng consumption for Europe and it is 8th place. Canada consumes more ng then Germany like almost double lol. I am woken up. russia exports 13 Bcf a day to Europe. Not high man. They ...more  
Comment by gilllis on Apr 18, 2022 5:02pm
Europeans cant come up with the decision on letting go Russian gas. Clearly, they dont get your logic. 
Comment by kavern23 on Apr 18, 2022 5:06pm
it's because Europe doesn't have near enough  lng terminals to get the ng... Asia is still the lng king....top countries getting lng are all in Asia..... Japan, China, South Korea, India etc....much more massive then Europe countries like Spain.    
Comment by gilllis on Apr 18, 2022 5:17pm
‘Too Many Constraints’ to Rapidly Boost Lower 48 Oil, Natural Gas Production, Experts Say - Natural Gas Intelligence
Comment by kavern23 on Apr 18, 2022 5:29pm
Lol of course Wall Street analysts say that...they are bigger gainers from a bubble spike. I run the minute see Wall Street analysts. Notice companies like Peyto  have 5 rigs working through spring break up....they know know once in life time opportunity... Service companies wouldn't be doing abandonment work if things were so hot   
Comment by kavern23 on Apr 18, 2022 5:33pm
What we need too see to be excited about ng long term prospects is major North American fields being depleted...that is what will keep ng at 5-6 dollars sustainable. as long as Montney...Permian...and marcell. Are nowhere close to being drilled oversupply will always cap things on ng. go to northern Alberta...gas plant capacity and pipe will be issue not labour or rig or pipe.  
Comment by gilllis on Apr 18, 2022 6:12pm
hope you piled up on HND. Money's coming.... 
Comment by kavern23 on Apr 18, 2022 6:34pm
I can't yet...I would gladly throw 100k on a short.  I took insane risks in 2021...middle aged and don't give two sh*ts anymore. That's why NG is crazy right now..Wall Street knows none of us can short easily when a potential Russia ban lingers. One sided bull trade and Wall Street is taking advantage, Plus I would rather short after May 15th.
Comment by Oilpig1 on Apr 18, 2022 6:51pm
There is some resistance from 2006 levels. Air conditioning season creates more demand for natural gas than heating season. First southern heatwave is all we are waiting for. When I look at natural gas weekly chart. No way I would short right now. It may consolidate between here and 7.24, but the run isn't over yet. Follow the trend.
Comment by Oilpig1 on Apr 18, 2022 6:58pm
Natural gas is currently contango, this is very bullish.
Comment by kavern23 on Apr 18, 2022 11:04pm
oilpig.....air conditioning season never creates more demand then heating season. Possible too see some weeks during peak ac season that have some 60-80 draws but heating season sees the big 200 bcf plus week draws. blackouts happen in peak ac season as not enough ng plants built. one of these years solar capacity will get large enough too chip into ng ac demand. quote=Oilpig1]There is ...more  
Comment by cfliesser on Apr 18, 2022 11:34pm
The way I see it trying to predict Nat gas prices is a folly. Historically has been very challenging. My thesis for oil and gas industry: 1) companies priced at 2-3 times earnings. So only 2-3 years of prices matter. 2) YGR can do just fine with oil where it is. 3) Nat gas is a bonus but they should hedge, it can go down just as fast as it went up, but obviously if it stays up that's great.
Comment by ppp on Apr 18, 2022 6:26pm
We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a record-high 106.6 Bcf/d in 2023, according to our latest Short-Term Energy Outlook (STEO). Around 97% of production over the next two years will come from the Lower 48 states (L48), excluding the Federal Offshore ...more  
Comment by kavern23 on Apr 18, 2022 6:37pm
I thought USA deal was 50 billion cubic metres a year...not sure what that is in BCF...
Comment by ppp on Apr 18, 2022 6:46pm
Sorry that should read 50 billion a month. My point is all the production increases will be taken up by exports. 
Comment by ppp on Apr 18, 2022 6:52pm
U.S. LNG exports decrease by four vessels this week from last week.Twenty LNG vessels (six from Sabine Pass; four each from Cameron and Corpus Christi; three from Freeport; two from Calcasieu Pass; and one from Cove Point) with a combined LNG-carrying capacity of 75 Bcf departed the United States between April 7 and April 13, according to shipping data provided by Bloomberg Finance, L.P. Bad ...more  
Comment by kavern23 on Apr 18, 2022 7:26pm
Yeah the makes sense.  USA MAX LNG capability is like 13.2 BCF a day and 89 BCF in a week is 12.71 BCF a day. Biggest issue is USA can't go above 13.2 BCF. Temp thing and supply will catch up. Companies didnt drill hard in 2020 and first six months for NG in 2021 as alot of the LNG happened around August and Sept of 2021. I remember days when USA used to produce under 80 BCF a day ...more  
Comment by forwardflash on Apr 18, 2022 3:49pm
What you left out is, no one wants to be dependent on Russian Ng, in fact many countries are banning its imports, are getting away from it as fast as they can, by switching to imported LNG.  The US has been steadly increasing its LNG export facilities, many are built many approved but not yet constructed.  NG feedstock is used to make fertilizer a very, very  big thing, since Russia ...more  
Comment by forwardflash on Apr 18, 2022 3:53pm
Russia may not supply as much fertilzier as I posted, but it still is very significan't
Comment by kavern23 on Apr 18, 2022 3:59pm
Countries have needed time....lots can increase NG if they have LNG trains available. Norway, Qatar, Algeria, etc... Once those countries open more LNG plants...be more competition for USA lng. NG isnt rare for countries that have it. Getting it too Europe is the issue.
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