Yangarra Resources Ltd T.YGR

A theory re YGR true or not ?

[pennydredful]

Everyone knows  the company is cost concious and very inventive  in ways to reduce  costs. This may not be such a good idea  when bidding on or  posting land sales if  for  the sake of cost  you  low ball bid on land and/ or  post  land  that  one suspects  is   unsttractive  so  YGR  will  get it low.  Yes   it  keeps   the costs  low  but   one  ends  up  drilling   50  barrel   wells   while  better  land   costing  more    might   give up   200-300  barrel   wells .  Needless  to say   stuff  like this  is less  than linear .

[TheRexmember]

Interesting comment. They are definitely good at stretching nickels but the dollars are not adding up enough.  Last year I asked about some of the results compnies were having in 5 or 6 plays not far from their main acreage ( most having cheaper well and land costs) and I always got a glib answer about being a cardium play only. I asked about some land for sale around them and got the we

[fullyautomatic]

 I could not disagree more with your strategy.  The reason the 'nickels" go further here is because of the focus on the current landbase and the let's say "operability" of the newer equipment.  Trying to operate outside the physical parameters of this land base makes no sense. The edge is lost. Buying old junk so that you can reclaim it on some government

[TheRexmember]

Rinse, repeat and expect something different? most people that came to own this company were attracted to some spectacular wells drilled into the bioturbated zone. Then they promoted the heck out of it and the drilling never quite delivered consistently. They are already in Ferrier, WG, Chedder and Chambers and there are differences within zones. More than one core area certainly works for most

[fullyautomatic]

YGR appears to have been lucky with avoiding forest fires. I think a small amount was curtailed but  as far as I know it should be immaterial.. I don't expect anything different. Thats the good part, if commodity prices firm up that is really all that matters. Have a look at the netbacks YGR can pull when prices are high(er) Most companies do run more than one core area yes. However

[kavern23]

I agree with you fully. And in page 2 of YGR presentation they make a very good point in saying "water injection hits rarely occur". Any of us can see in 30 mins using Petro Ninja even, that some Cardium players in Pembina are hitting water in  some new wells, like 60 to 80 percent water cut very fast....like the odd well is doing this. One of the problems with water is the oil

[TheRexmember]

Should know quite a bit more by month end when Q2 is out. Hopefully we see what Chambers is delivering and maybe an update on Ferrier well changes. 

[kavern23]

Hopefully most of these canadian producers used today to hedge more oil and natural gas. Speculators have given companies a gift. People are so exicted that inflation is slowing without looking at root cause more...inflation is slowing as the economies are starting to tank. The longer this continues increases the odds of a hard and violent price crash increase. WE are not going to see a soft

[cfliesser]

Gasoline inventories are at low end of historical range so quite low.  Gasoline demand by EIA is quite strong this year vs. quite weak last year. Demand in US is higher than last year. Demand in China is much higher. China flight data back to preovid levels vs. Very low last year.  SPR releases have now ended. SPR refill starting. Supply artificially reduced by OPEC. Rigs count low

[kavern23]

Cliff this OPEC cutting is driving oil prices up and it is not demand led recovery. Compare USA energy demand to 2019 and not 2022 and it is weak as heck. But what is the end game for Saudi?  Saudi is producing 9m a day like covid levels lol for July and August and demand around the world is robust...Really? It is wild to me how so few people are questioning the demand forecasts for rest

[Hendrick3]

Worldwide oil demand was 102 million boe/ day in June. Supply was just over 100.  This is before OPEC cuts which start in July. This was also supply augmented by SPR releases in June which are to cease. I don't know how US Demand is doing but it doesn't really matter. It's a global commodity. That's why oil prices are up. So far demand is ripping.