Yangarra Resources Ltd T.YGR

Still think...

[kavern23]

On Dec 1 i wrote these target prices (below) and I nothing has changed today...I wouldnt consider bottom fishing until these prices are hit and even then...have to reanalyze.

We are going back to 2015-2019 conditions only worse...no ability to borrow money and can't issue shares easily
:

BNE - 4.50
YGR - 1 - 1.10
Petrus - 90 cents
IPO - 1.80

Unless things change fast....by either Dec 30 or jan 30th...price range i expect...

Am I a permabull? Nope I am just a a guy that has survived this for 20 years because I am not a hyper bull 100% of the time

[kavern23]

The biggest problem for 2024 and why I think further too fall...is HOW CAN YOU STOP CAPEX? How can Bne or IPO or YGR or Petrus really lower amount of wells drilled for 2024? Cause then you have a situation of both lower volume and lower prices..called the double trouble ball vice grip... You end up in a situation in which CF equaling (if lucky) capex per quarter is the best case scenario

[Spos01]

Hey Kav I get your pessimism on the industry, Opec, etc. But as a low cost producer YGR is making profit hand over fist and will continue to do so, until oil is below $30 or $40bbl. So is this your expectation where oil is going? Otherwise your $1/guestimate per share fundamentally makes zero sense. Or is your belief that YGR is no longer a low cost producer or terrible at digging wells. 

[TheRexmember]

Kavern comparing BNE to Yangarra is like comparing Humpty's Restaurant to the Keg. YGR had NEVER returned money to shareholders, they issued equity to shore up the balance sheet THIS YEAR and never hedged any gas until the bottom fell out. Not to mention the crapp drilling performance and still sub par financial metrics.  BNE will probably exit the year with close to 15,000 boe/d of

[kavern23]

Rex...you are acting like pre 2019 didnt happen. You need to let go of 2021 NG spike caused by Russian war and really oil prices that got spiked in 2022/2023 from russia and opec. New reality...tough NG prices and lower oil prices. USA production is back to and increased past 2019 levels. Commodity prices are going to likely majority of time trade at those levels or lower. I never looked at

[kavern23]

A yes or no answer Rex.  Do you think Bonterra, YGR, Petrus, IPO need to do some sort of strategic move or property buy in 2024?  Do you think anyone of those companies will have a stellar 2024 in their current form? Look I hope you make money on BNE, but if you answered "no" i don't think you have a good vibe or handle on the direction the oil patch is going. We had 90

[pennydredful]

IPO  has  made  at least  two  astute buys  in the  recent past so they  have that capability (  BTW  their new hire is  an  investment banker)  .  Their   banking  should be strong   as  I believe  BDC   is now   the lead  .   YGR   needs 

[kavern23]

Penny..dont you think Cardium is way too fragmented on ownership? Look at another mature oil field the sask bakken...viewfield bakken play is basically crescent point with large sweet spot that has sucked oil for what...at least 20 years plus saturn on outskits with abit of sweet spot. Just 2 operators basically.  Been all merged up over time. Pembina cardium would produce less oil than this

[pennydredful]

I am a capital markets guy at  the  10000 foot level  looking  at oil and gas stocks so I don't delve into the  details  like  you  do, not that  that is bad----that is  your  area of expertise . All my  IPO  shares were derived from predessor  co.   Anderson convertible bonds . Some are in a registered 

[TheRexmember]

BNE should do a deal in 2024. They don't have to but they should.  BNE makes decent money at 75.00 oil and 2.50 gas The ARO costs don't matter. They never did much except to a few flavour of the day bankers and now they are down to Immaterial  I bought BNE and OBE after the merger didn't go through. Both companies are lucky that it didn't. OBE would have tanked

[margaritaman]

Rex reading your comment regarding YGR being a destroyer of capital I took some time to look at the ROCE of the 3 cardium players I hold. The following are the results for the past 6 years with 2020 removed due to the covid impact skewing the number. Some might argue I should also remove 2022 as well. As you can see none of these are standing out way above the others, all in around 12%. IPO gets