Yangarra Resources Ltd T.YGR

Wow…cardium speaks

[kavern23]

Wow I didn't notice InPlay oil released q1...it wasn't on boereport.com.
no wonder they released it that way.
InPlay results sure make Yangarra look good.
Ipo spend 25.5m for 5.5 net wells. 2 well pad in willy and 3 well pad in Pembina, 1.5 milers and then some non operated.
way too high imo.  

I mean look at ipo recycle ratio in 2023...this is shaping up to be worse.
I am not telling other investors to stay away, just saying you need crazy oil content to even payback in 1 year.

Ygr can make it best through this rough patch in ng prices through having such a cost advantage. Running lean cost wise is the way to go.

ipo is increasing debt to pay a divy in a high interest rate enviro, something to watch how this works.

[kavern23]

Lots of these cardium companies struggled precovid during the last drop in ng or oil prices because they were all sinking too much capital for the results on average. Ygr has made the adjustment of not spending 25-30m quarterly capex like they were doing in the past, But I can't see pre 2019 why ygr had to drill a number of wells no matter what, the company needs 250 wells producing. Stabilize

[Helloworld]

IPO has an EV of 275 million and YGR has an EV of 225 million.  YGR generated 50% higher funds flow in the quarter. A disconnect. YGR would need to trade at $3 to have a comparable valuation to inplay.  Outside of that very encouraging note from results was edmonton par at $110 for April.  With reasonable results from the new wells a $10 million month not out of question for YGR

[TheRexmember]

YGR production dow 10% in quarter- free cash went up because they stopped spending. And when they stopped production fell off a cliff. The enterprise value is only comparable because of the Higher debt at YGR.  Yangarra is more like Petrus pre recap now.  If prices stay bad for 12 months they are going to be in some trouble. 

[Hendrick3]

Despite all those difficulties, they earned 9 cents per share and had FFO of 24 cents per share. Pretty much the lone stand out in the sector so another quarter like that wouldn't be a problem. In fact if they can continue quarter after quarter out performing the sector like 1q they will be at $2-3 in a couple of more quarters. If PNE keeps having the same results for even 2 more quarters they

[Flush11]

Hendricks, I keep hearing that from Kavern too lol. PNE was supposed to plunge 20 cents on the last Q results - instead of being up a couple of pennies too, wasnt it? PNE could add that same amount to debt for the next 8 quarters as it did in Q1 and at the end of it have less debt than YGR has today with 2.5x the production. Likely they will be mostly debt free by the end of 2025 anyway but no

[kavern23]

Rex...remember Razor energy was 52 cents on Jan 25 and like a few days later at zero. Just because PNE is near a dollar doesnt change the fact it will sink...no question...question on timing is how much dope you smoke to convince yourself PNE is investable. PNE cant add debt...they need to lower it by Nov or sooner. Read the terms....and little FCF ability at PNE.

[kavern23]

Rex...ygr funds flowed 24.2m in q1 2024 versus 17.5 in q4 2024...so your lack of ability too understand simple financial figures is showing. Free cash mainly went up because of the increase in funds flow in q1. Ygr has cheap production costs and little reclamation spend which is the way to make in through bottom parts of the cycle. you will need to make a new user name when pinecliff sinks.