Yangarra Resources Ltd T.YGR

Quite a crash today...buckle up and get the seatbelt

[kavern23]

Everything is getting whalloped today, From BNE to YGR to IPo to BTe to CPG.....
Still too early to buy.  Short sellers havent even attacked some of these stocks yet.

Saudi sure a made  a mess of things with the extra producton cut. What now?

Demand is likely slowly in China for Nov and Dec and all Saudi has done is delayed the "pullback" from this summer to some point here in fall.

80 plus oil was stimulating too much production world wide.

It like people forget the oil and gas market from 2015-2019....going back to those grindy times.

It is seatbelt time...

[pennydredful]

Big    issue   by   CPG   is   sucking   the  life    out   of oil   and  gas   stocks   as   people  sell  other  names   to    raise  money   money   for   their   CPG   

[kavern23]

I don't disagree Penny. Time will tell but I dont get why CPG didnt wait to do this in spring of 2024. As good as Hammerhead assets are....Hammer cant pull back on Capex easily...lower comoddity prices hurt them worse. Could be other deals announced, Cardinal energy also released big news and direction change.

[pennydredful]

Word out   Nuttal  dumped  his   CPG  re   delay  in   returns  to  shareholders  .  With   the issue  being  underwater  price   wise   will  require   a dscounted clean  up  trade   to clear  out   the unsold  portion.

[kavern23]

That is puzzling part of Eric the nut nuttal, he is not new to this. Eric should have seen the flaw in why energy trusts didnt work years ago...ie oil and gas is capex intensive business that has wild up and downside swings in prices that lead paying a dividend over a long period of time qute difficult. Oil and gas business is not like a macdonalds restuarant in which steady CF year after year

[kavern23]

I am speaking in perperspective on non oil sand companies and smaller...but long term divys are very hard for industry to do and not have increases or decreases to divy. The companies in best shape to handle a 60-72 WTI price (which likely will happen at some point and would have if Saudi didnt do the final 1m cut) and lower natural gas prices are the companies that spend lots of capital in 2021