Yangarra Resources Ltd T.YGR

The company needs to do a 1for3 reverse split

[pennydredful]

This   would   put   the shares   about   5.00   where  they  would  be marginable  and  institutions  would  give  them  greater  consideration.  In   other  words   we   would   have  potentially   at least more   buying  power    even   from  existing   shareholders  .  Not   sure   where  the short position  is today  but   in the  past  and currently  in general  American  professional  shorters   having  been  exploiting   certain  small  cap names  like YGR  due   to  the elimination  of   the   UP  TICK  rule  by regulators in Canada  BUT  NOT   the   USA   .  The  UP  TICK  rule   means  you  can  only  short  on   an  uptick or sidetick  NOT   a downtick.   These   American  shorters   have  been  exploiting  this  loop hole   in  Canada  as  it  is   not   available  in  the   USA    .  For    example  say   I  am short  ABC   Corp.    .   On   Friday    at   3.59  PM    I can place   an  at   the market  order   to   short   10000 shares   .   On    a stock   like    YGR     this    could result  in stock dropping   from  1,69  to  say  1.55 at   the close.

[Hendrick3]

You must be short this stock to want a reverse split. That is a great way to invite shorts for dinner. I lived through the ObE 7 for 1 reverse split and it dropped like a rock on the news. Eventually it was worth 1/7 of its value. I hope your idea gets rejected with prejudice. 

[pennydredful]

You  are   both right   and  wrong   :   Regression  analysis    shows    that    initially   shares   are   weaker  for   a  six   to  nine  month  period  ,   however   after   one   year 

[Hendrick3]

Given that we are sitting at a 2 year low I don't think I need 6-9 months of further value degradation in hopes we will be one of the lucky ones. I would prefer the company stop spending capital for a while and do buybacks. Our stock is the cheapest source of oil and gas production available. Obe borrowed to do a buyback. I am suggesting we curtail capital for a while and start some upward

[Hendrick3]

And yes I know the banks will not likely allow this so reduce capital until debt target has been hit and let's get the buyback underway. We are about 4 months away from our debt target if we suspend capital. 

[Helloworld]

I would agree with you Hendrik. A 10% ncib would cost 15 million today. That is 5 wells.. Can guarantee SP would be better off with a 25 well program and 10-15 million to buybacks versus a 30 well program.  Budget next year shouod be 80 million Capex. 15 million buybacks. Rest to debt.  Do not need to look any farther than OBE to see what an active buyback program does. Especially on

[cfliesser]

Only way for this to happen is to contact management with your opinion as a shareholder directly.

[margaritaman]

Stay the course. Yes it's been a bad week but I believe the best path forward is to get to the $80m net debt then decide next step i.e. NCIB or special dividend. I'm looking longer term so so stock price action over the next 6 -12 months is not a concern. 

[pennydredful]

special   dividend    will   not   work   for management   re   dilution   of their   many  low   cost   options.    They    put  in   a  NCIB    a couple   of years ago    and never   bot    a

[Helloworld]

I think the biggest issue with stay the course is they pulled any reference of guidance. It makes one think the last 8 wells are bad. The recent 5 cheddar wells are bad. Of course they are not going to hit 13k average (it would require over 15k avg production in Q4) so they removed that but no forward guidance is alarming. Combine that with ambiguous excuses on 3rd parties without any

[margaritaman]

YYC is a small town. If the drilling was as bad as you're suggesting the volume would be much higher then we are seeing. 

[kavern23]

Would you rather YGR have fracked in 2 wells at a time on the 6 in East Willygreen or do this efficiently all at once with water handling, crews etc? Would it really be worth it to spend extra capital? just to please a few shareholder that own few shares. Every executive at YGR seems to own a position fo shares in YGR, I think logic would say they are trying. YGR can control costs and they are

[kavern23]

And the thing with looking at BOE per day not are equally as profitable. Look at Journey energy vs YGR Joy had 18.5 in funds flow on 5200 barrels per day of crude and 11800 BOE total. YGR has 29m in fundflow on what 2100 barrels per day of crude and 12100 BOE total. AND YGR WASNT goosed with flush production in that 29m fundsflow like BNE is with their CF. Market has forgetton pre 2019...its

[pennydredful]

Joy   has made many  external  initiatives  in   the past   six months   re   acquisitions   in   both  oil and gas  and   power  generation  that  should payoff .  Seems   AIM  is   a more  friendly   party  than   YGRs

[TheRexmember]

You gotta stop making this stuff fit your narrative all the time Kavern. They blew it. Again.  Take a look st the quarterly averages and the year to date averages for BNE. a few hundred barrels apart. Not exactly a massive flush production is it...? one company is a solid operator and the other one is back in the drama mosh pit.  one company issued stock to shore up the balance

[Hendrick3]

So much unfounded negativity about the results. They made  29 cents per share FFO and 11 cents eps on a share price of $1.54 so trading at 3.5 times earnings and 1 1/3 times FFO which is the lowest valuations in the sector. According to all the experts, they blew the quarter. Bad wells, bad management, bad oil/ gas mix, bad depletion rates, bad everything. Well for a bad company to produce

[smcapinvestor]

My concern is that YGR is spending a lot of cap-ex to slowly become at gas producer at a time of low prices, with no relief in sight. In Q3 2018 oil production was 4853 bpd In Q3 2019 oil production was 3627 bpd In Q3 2023 oil production was ~2100 bpd Produciton has increased in time, but from high value oil to low value gas and NGL. The only reason the debt has decreased in the equity raise

[kavern23]

I don't have a narrative other than companies with old mature properties that are higher operating costs will struggle more than general market when commodity prices are lower. Same type of market as 2015-2019. Nothing has changed. Bonterra, Journey, and Pine Cliff fit this mold. Bonterra spent 112m in first 3 q's of year. Any capex to fund NG infrasttructure should have been through

[pennydredful]

some   like  JOY   see   gold  in those  old  properties  with high  abandonment liabilities  .  They   see there   is   still  a lot   of  oil in  the ground ( no  exploration costs  required)  .  They   plan   to  extract