Yangarra Resources Ltd T.YGR

Comparison to BNE

[Helloworld]

Since this board likes the BNE comparison BNE just released their 2024 guidance. 

They guide 14k. 125 to 130 FFO with 20 to 25 million FCF with 73 wti and 2.50 aeco. 

YGR I suspect will be very similar in terms of guidance. The latest presentation has 65 wti and 2.25 aeco breakeven which would correlate to 20 million FCF at the BNE pricing.

YGR has less debt and a 50% lower marker cap. Simple drilling result execution should see material upside.. just need the execution.

[TheRexmember]

They keep reducing guidance due to gas prices at BNE but my guess is the over all numbers should be 20% or so higher at BNE versus YGR. That is due to BNE guiding to average annual production numbers versus an "exit rate" number at ygr. Liquids are higher at BNE, and more importantly most of the liquids are oil  at BNE not propane and butane.  BNE production keeps hitting

[kavern23]

Rex..BNE got this for their NGL's in Q3..most of BNE NGLS are not oil...:  -average price ($ per bbl) 49.19 64.45 YGR actually got a hgher Q3 price for NGL's than BNE: NGL ($/bbl) $ 56.47 Rex you made Flinflog persona today because BNE has to wait to access third party

[TheRexmember]

What are you talking about Kavern? BNE is 50% oil.  Page 2 of the BNE November presentation, see footnote - 7177 barrels of light oil, 1410 barrels of NGL's. Rest gas.  These are simple things to look up. No need to assume, infer and quote something irrelevant to come up with a projection. It is laid out for you.  don't know the other guy. If he can't figure out

[kavern23]

What I am talking about is BNE's NGL's are not worth more than YGR's. I know exactly how much BNE produces for oil and that is problem...BNE is sinking lots of capital to just maintain oil at 7000-7200 barrel per day range, BNE has been at that range for years and years.

[cfliesser]

Hey better than spending to maintain oil at 2k LOL

[pennydredful]

Likely  put on hedges   as both  ramped  their  leverage  with  acquisitions   .