Yangarra Resources Ltd T.YGR

Positive..

[kavern23]

I know it is a hard day for YGR but positive is YGR at least has low operating cost wells that wont have to be shut in due to prices.

But the brutal reality is old mature fields will have wells that will get permanent shut in from this commodity downturn.  And this could lead to impairment write downs for some companies. 

The next 3 months are going to be tough and volitile for everyone.

Just be cautious is my only point.

[kavern23]

A few years I was so leveraged in oil and gas stocks I needed mastercard for food to make margin calls.....but I knew if I could wait out I would be okay. Another situation is coming...with energy stocks so cheap it will make borrowing to invest worth it even at these interest rates but too early right now....much too early Best is to wait and watch this all drop right now.

[Hendrick3]

I think your window of opportunity on ygr ends at year end. Tax loss selling is a big part of the tumble we are seeing. There will be no reason for selling after December 28. What possible motive would anyone have for selling at these prices if not a tax loss. 

[pennydredful]

Margin   calls.   For   example   TVE   closed   2.92    breaking  thru   3.00   today.   So  to  use  a simple  example  an investor  holding    TVE   and   YGR    might  elect  to   sell   YGR.

[kavern23]

Hendrick I can see that if holding existing positions or averaging down on a stock already held. But January needs to bring a better aeco curve. it is a cutthroat way of thinking but I want to be buying energy stocks when producers have announced shuts first. Some of older ng wells in Alberta will face a lot of pressure in early 2024. Ng prices will stay down until actually wells get shut in is

[pennydredful]

First   credit  card  I  got  to  meet  a margin  call  more  than  fifty  years  ago  was called  Chargex  and   my   limit  was   $200.00   Now  days  I  back  up  margin  with   MBNA  credit card   teaser