Yangarra Resources Ltd T.YGR

Huge Short Cover

[margaritaman]

Shorts down another 2.2M shares as of December 31st report. Now only 500K remaining shorted. What a move over the past 2 months.

[Helloworld]

4 million shares covered in a month.. on a low liquidity stock.. and yet share price dropped for the month.

[fullyautomatic]

Shot my theory on a squeeze all to heck.....

[nearpeakfreak]

I believe that most of the shorts must have covered back on December the 16th as that is last day of good volume with just over 2 million shares changing hands. The shares traded in the  2.67 to 2.77 range that day. Volume in the days folowing the 16th has been miniscule with average of a few hundred thousand shares changing hands.  It is also the day after the last short report on the

[Overertune]

I started my position today. The company's debt level is 140m, should be paid down to 100m in 2-3 quarters. After that, ygr can easily give out 10-20% dividends.

[kavern23]

Ygr should end with 130m in debt...Q1 of  2023 YGR should keep chunkin it down. Sentiment is really bad in the market right now. IS what it is. A person can wait longer....and everything is going to be cheaper from here. I can't lie to people. It is a very warm January right now. Odds are stacked against any canadian energy company not going down unless the weather forecast changes

[cfliesser]

We always get a warm spell sometime in the winter these days. It will get cold again... peak pessimism right now. Time to buy.

[Overertune]

You never know when. Most energy stocks are beaten down too much, with PE 2-3. Once oil goes up or people realize energy companies start to give out huge dividends, the sector might become hot again.  I don't want to miss out.  In the worst case I wait 2 more quarters for >10% dividends which is sustainable and growing.  You won't find that anywhere else.

[pennydredful]

also  no more  share  support  from  the former   shorts