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Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on... see more

TSX:YGR - Post Discussion

Yangarra Resources Ltd > 99% of Brokers will not let their clients buy this stock
View:
Post by pennydredful on Jun 05, 2024 2:30pm

99% of Brokers will not let their clients buy this stock

Why ? They  categoriize  it  as  " high risk "  .  Why   risk   re   penny  stock ,  in   high  volatility industry   ,   debt  levels.   Brokerages   are  afraid   of liability  and  some  brokers  have successfully  sued   re    losing    Aunt   Nelly,s   money  in   similiar  stocks.     Soon   as   a broker  gets   a new  account   with  this stock  ---they   will   blow   it  out  .
Comment by SuperCC on Jun 05, 2024 3:00pm
What? I can buy YGR on any and all platforms. Stop spreading misinformation.
Comment by Hendrick3 on Jun 05, 2024 3:11pm
Penny makes a good point. He is not talking about platforms. He is talking about financial advisors. If someone inherits shares of ygr and has a financial advisor, the advisor will suggest selling ygr and buying blue chip stocks. My ex wife had this experience on our divorce settlement where I owned a ton of Obsidian and she got half. It was a penny stock and her advisor suggested she dispose it ...more  
Comment by pennydredful on Jun 05, 2024 4:09pm
Possibly  or not  .  You  will  need  to  open  an  account  .  On the  form  you  have  to  indicate  you are   willing   to  assume   high   risk .  Once   you  do  that   you  will  be   carefully scrutinized ...more  
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