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 > Shorts Gone

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Post by Helloworld on Apr 08, 2023 12:35pm

Shorts Gone

1.65 million covered from March 15 to March 31.

About 40% of volume over this period was short buying.. and Yangarra still underperformed the sector during this period.. complete dumpster fire of a company..

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Comment by Hendrick3 on Apr 10, 2023 8:01am

I am sorry to hear the shorts covered profitably. This company has an enterprise value below 25,000 per flowing barrel, 45% of NAV PDP reserves, less than 1x 2022 FFO per share so understandable the shorts would vacate. Just a matter of time but we will get a meaningful bump up when fundamentals matter again.

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Yangarra Resources Ltd