Yangarra Resources Ltd T.YGR

No Buyers

[Helloworld]

Depressing watching this sink day after day. About to capitulate. Stocks up. Oil up. Oil stocks mostly up. This thing sinking. One of worst 5 sector performers every day for the past 8 trading days.

[cfliesser]

Not true. Compare to OBE. Very similar movement.

[Helloworld]

Agree it has been tracking OBE on the recent downturn. But did not track OBE on the upswing. As a result YGR is a few pennies above July low while OBE is still 20% up from the July lows with most other stocks. You would think it just keeps becoming a more attractive bargain but momentum seems to win.

[cfliesser]

ultimately as long as production lags estimates there is no momentum.

[Westboro1]

Need a solid date for shareholder reward as well

[Hendrick3]

Don't be too concerned with the stock price. Focus more on commodity prices. If oil stays above $80 and aeco gets back over $4, these guys are trading at just over 1x cash flow and about 2.5 times eps. It has a huge short position which isn't seeing much opportunity vs the risk of a bounce. Soon something will break and we will have a 20% breakout. If not, with commodity prices holding

[Westboro1]

The SP could intentionally be controlled by a suitor to develop a control position and maybe hold it down for a buy-out

[Hendrick3]

In my life of investing I have heard those claims but never actually saw it happening. The volume is also much too low for any strategic vacations to be underway. More likely that there is just a small universe of oil and gas investors and this name is below their radar or less attractive than some other names. 

[Hendrick3]

Vacations=actions. Hate the auto spelling. 

[Helloworld]

There is also the technical aspect. I am not big on technicals but the curve looks awful. For people looking to short oil equities they will see the curve and high short volume and assume it's a good short bet. For longs they will see the curve and not want to buy a falling knife and wait it out for better deals. No buybacks and no institutional buying to support things... feels like it may go

[Westboro1]

These are all possibilities...we've seen run-ups this summer and of course selling into strength. But someone is happy with that intense push that lasted many days in June to $4. I dont believe it was just retail investors as the volumes were high and steady.....up to almost $1miion on the final push. Downside can happen fast and on low volume we have seen. Warren says....follow the volume ...