Yangarra Resources Ltd T.YGR

Comps

[Helloworld]

Let's compare YGR Q1 vs WCP Q1. 

Both a mixture of gas and liquids. WCP more oil so less affected by poor gas pricing. 

FFO: 24 cents YGR vs 64 cents WCP

Debt: YGR: 1.1 x FFO vs ~1 x WCP

FCF: 8 cents YGR vs 0 WCP. 

Based on comparable debt and FFO values YGR should be about $4 to be valued equally to WCP.

[cfliesser]

I'd argue closer to 3... but agreed

[Hendrick3]

I do those comparisons all the time with ipo, Bne, Obe, Ath and we are way low on our share price comparing FFO, EPS and NAV of pdp reserves. The next lowest is probably Obe and if we had their cmcsluations we would be around $2.50. The reality is that there are more bargains than investors in this sector so out of favour names continue to languish because investors can afford to be picky. 

[kavern23]

Hendrick some investors could be waiting too see if oil hits 70-75 range before making any moves which a good chance of oil dropping too if the Gaza/middle east premium subsides.  Plus USA oil production came back after January freeze offs. Lots of people are cautious right now.

[Hendrick3]

Yes I agree. Sucks that results came out before a big rug pull day but we are down a penny and most down 4-5% so I guess that's a win

[Helloworld]

YGR vs TOU CFPS: 24 cents vs 2.40 (10x) FCF: 8 cents vs 90 cents (11x) SP:1.2 vs 65 (55 x)

[Hendrick3]

Wait until Birchcliff comes out. Ygr looks like a superstar in comparison

[TheRexmember]

Lol. They might at that.  Dry gas is like Russian roulette the last 10 years. At least Butane and propane never got as ugly as 2019.