Yangarra Resources Ltd T.YGR

Kavern 23 AWOL

[pennydredful]

Last   post   15   days ago   ?    My   guess   drowning   in   pussie  juice   ( figuratively speaking )  .

[Westboro1]

Maybe he left and moved money into NOU!  Wish I had done that!   We are in a sideways pattern until October- my guess- Europe will needs more oil and YGR's Q3 will be in....and lays out better than expected debt repayment. Gotta move sometime 

[Helloworld]

A big buyer like Kavern is needed. I think as long as volume stays in the sub 500k range the shorts have a field day putting up big asks and chewing through bids as soon as weakness is noted. People then get frustrated when it doesnt move and others in the sector move and sell. If there is some big volume I could see it jumping a dollar in a week like it did from the 1.7 to 2.7 when volume

[Hendrick3]

I have been loading up on this like crazy in the last 10 days. It's playing the same game as when it was trading around $1.75. It just couldn't break out but when it did, wow. I presume it will be doing that again soon. Most stocks have recovered 15-40% of their lows. This one just late to the party. A coiled spring at this point especially with the large short position having to cover

[SecondhandGnus]

YGR was disciplined in reducing their debt target while lowering debt--this was the smart and responsible call.  That said, the Q2 announcement was a double disappointment by not announcing dividends or share buybacks, then pushing back the start date by essentially 2 quarters. Good news impatiently interpreted as bad news = buying opportunity.  Low trading volume over the next 3-4

[Westboro1]

For shorts vume is not that liquid.....there are much better stocks to trade if you wish to day trade. Try NIO on NASDAQ!

[Hendrick3]

And yet I have heard that there are 5 million shares short. I don't know why someone would short such an illiquid name. 

[Helloworld]

5.8 million shares short. On a stock that traded 300k shares today and yesterday. Surprised shorts increased through July with the lower SP but perhaps pot committed at this point.. maybe they are holding it down in hopes of a tiny premium buyout versus trying to unwind the position which would send stock soaring if they did it with any volume.

[cfliesser]

Just important to remember that production is lagging estimates. This is the sole reason shorts are all in. Without production growth shorts win.

[Helloworld]

Agree production is lagging relative to estimates. But shorts dont win if production lags. YGR is fairly valued or even slightly undervalued to peers at current production. YGR had FCF of 42 million in H1 which is more than 10% of current EV and 15% of MC with production lagging. Share price has to rise with this kind of FCF generation over time even if it slightly slower than estimates. Only way

[Hendrick3]

Ygr is definitely undervalued relative to peers and may be the cheapest in the industry. The best measure of relative performance is FFO per share relative to share price. Ygr is 57 cents FFO per share relative to a $2.75 share price or about 1.25 years FFO. Most companies at 2-4 years which is remarkably cheap already.  If you look at all the companies in the sector, I have found no one

[Westboro1]

Agree- NIO's daily range is at leat $1.00 or more

[kavern23]

Your guess is not far from wrong lol.  Compared to the nightmare last August was with OBE almost margin call destroying me....nice to have a summer like this.  I do miss the market.  I will be back. July production data isnt out yet but it should be as soon as tonight.  I will for sure run it asap no matter if a lady friend is over.  Very eager to see how YGR's july