Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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

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Yangarra Resources Ltd > For all you Cardium experts

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Post by Flush11 on Nov 07, 2022 4:03pm

For all you Cardium experts

I noticed Kavern had a few BNE wells with decent production on a chart last month.

What do you guys think BNE will do this quarter? They report tomorrow. I own quite a bit after trading out of OBE (yup, genius move lol). Hoping to see a little more delering than YGR delivered but Q3 is typically everyones messiest quarter.

Trading great ahead of the Q3 release tomorrow.

Mystery or history?

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Comment by Flush11 on Nov 07, 2022 4:04pm

oops. hoping to see more deleveraging.

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Comment by cfliesser on Nov 07, 2022 9:25pm

I would argue that the leverage is good at this point. Imagine they stop trying to reduce debt and buy back shares instead. That is what I would do. Imagine 25M in buybacks instead of debt reduction. That is 10% of the shares! So much more impact than reducing debt that amount

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