Yangarra Resources Ltd T.YGR

If anyone wanted to double down

[Helloworld]

150k shares for sale below 1.21. 

Back to 52 week low.

[margaritaman]

buy low sell high. 

[pennydredful]

a  semi  famous Wall  Street  book  was  written  by  a Hungarian Dancer and  investor   in   the  sixties   advocated   Buy  High    Sell   Higher . It   was  very successful  for  him. He  only recommended stocks  that   had  just

[pennydredful]

Nicolas Darvas   1920-1977   .   How  I   made   $2000000 in  the  stock market was   the title  of   his book        He   wrote   other  books.     Wikipedia   covers   his   story   well . 

[Hendrick3]

Many of the posts make it sound like the stock price devastation needs to be combatted in some way.  There is no evidence that management is all that concerned about day to day stock price. The company is currently at about 1x FFO per share. Industry is 3-5x. EV per flowing barrel under $20,000 per flowing barrel while tge industry trades 35,000-75,000 depending on OGR. Earnings per share

[pennydredful]

well  it needs  to  be combatted with an  NCIB  at  a  minimum  but  seems  at  this time  with  the level of bank debt  the bank  will  not permit that .  

[Helloworld]

At some point an ncib provides better returns then anything else.  When trading at 1 x ffo at current strip for 2024 would have thought we were there.  Seems a little crazy to not be buying stock at this point for the company.

[margaritaman]

I agree NCIB makes sense at these levels but as Mgmt told me before Xmas the bank won't allow it. FCF goes to debt repayment. They would rather see money spent on drilling rather than NCIB. I would like to see the capital budget slashed to $70m, cut back on drilling to just hold production flat and get to the $80m net debt target.  Once there the banks will not have the same level of

[pennydredful]

They  need  to be able to chew gum and wiggle  the rump   at  the same time  .  Even  if   they  bot  2500  shares  a day  at  1.20   that  is  625000   shares  over  250 days   costing   $750000.  OBE  went   out   and 

[Helloworld]

The last 4 days with aeco going to $14 means they should have brought in close to 2 million more than expected for the company over the weekend.  Could fund 10,000 shares a day for a year at today's share price... at least a start. 

[cfliesser]

Won't get that. Hedged and spot isn't the price you necessarily get.