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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TSX:YGR - Post Discussion

Yangarra Resources Ltd > Steele yourselves

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Post by fullyautomatic on Mar 15, 2023 9:25am

Steele yourselves

Staring into the abyss this morning...

If there are dip buyers coming for oil we need them now. Right now....

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Comment by kavern23 on Mar 15, 2023 9:50am

Still watching but getting closer..waiting for oil prices to be lower and whatever YGR is I will start grabbing.... My plan is coming together very nicely...

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Comment by fullyautomatic on Mar 15, 2023 10:12am

Respect. I'm on the fence for a rebuy. Watching too. There are a few "field" rumours out there from the pipeline terminal at Buck Creek.... They rely on YGR for light to allow heavy producers to ship in. I was hesitant to post it, but the word I got was heavy was being turned away because YGR wasn't shipping in enough volume, sounded like operational issues. Then as Cliff ...more

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Comment by kavern23 on Mar 15, 2023 10:26am

Interesting on the rumours...but does it make sense? Would YGR's 2500 barrels of oil per day be that critical for a pipeline terminal? Not much oil YGR produces in the grand scheme. Heavy is probably being overproduced in alberta right now. 60 dollars USA heavy oil prices is crazy proitbale on a heavy oil well as they are so shallow and cheap wells from Loyld to clearwater ...more

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Comment by kavern23 on Mar 15, 2023 10:27am

Fully what do you make of Lorne their Vp of Operation leaving in May 2022? That is an interesting one

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Comment by fullyautomatic on Mar 15, 2023 10:40am

The rumour did NOT make sense to me either, but the fact is heavy was being turned away. That part is a fact I know is true. Terminal staff blamed YGR also a fact but how they came up with that... I don't know..... Yeah Lorne was well respected, I don't know how his exit came to be.

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Comment by kavern23 on Mar 15, 2023 11:28am

Maybe YGR is selling to a different terminal. YGR really doesnt have that many high producing oil wells...it would take all of ferrier to be down to really effect them one would think.

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