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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 > Firm Service
View:
Post by kavern23 on Jun 13, 2024 4:26pm

Firm Service

The companies that have firm service contracts with midstream companies...can they even shut in easily? Have to pay even if dont produce ng....thankfully for YGR i dont think they do.

Bizarre Calgary Herald doesnt have Aeco prices as a headline story...like people have lost touch with reality.

Pumping a pile of LNG is going to hurt oil eventually as China turns every large truck to run on LNG instead of diesel.

China's oil demand is biggest worry I have for 2024. I think vastly over estimated.
So ironic...China pace for energy transition is smokin the west.

Those Middle East princes that overcharged China for oil will learn an ugly life lesson.
 

Never get arrogant.

Comment by Hendrick3 on Jun 13, 2024 4:28pm
I think firm service contracts are at set prices not spot.
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