Yangarra Resources Ltd T.YGR

Still...

[kavern23]

Still reality is more of the poor companies need to go broke or have their assets shut in to balance the market again.  Lots of marginal old wells around alberta that with inflation compared to 2019 is much higher on property taxes to get someone to spray weeds on the well site.

Long run exploration looks like they are broke and bankrupt.....

So far smaller privates are being put for sale or broke but the bottom of the market SADly will be a few publics....think we know the names...not YGR...YGR has newer assets.

I went for a drive last week on a sunday through buck creek/buck lake area with girlfriend...if she wasnt around I would have done my exploring.

But take some saturn oil or BNE or Richochet or even OBE old well sites in this area.

One thing a person notices is roads to these old wells are long and tons of wells everywhere.

The cost in surface lease revenue would be high...not close to highway...middle of the field.

Saturn doesnt even mulch the shut in wells they have out there.

These assets wont do well in lower prices.  Hard to debate this with me...if you do go drive there lol.

I wish I could have made it to YGR sites.  I am sure YGR are few lease sites and close to road.

[kavern23]

Back in the 1970's, 1980's and even 1990's...companies developing oil and gas fields couldnt drill horizontal. So you have a 160 acre hay field and a long road to bottom quarter of land to hit the oil sweet spot. Like every quarter of land has a well out there.

[Helloworld]

Companies only need to survive another few months until November. At that point with winter followed by LNG Canada it should be at least a couple of years until gas prices have the opportunity to get as low as they are currently. I think by November a $2 floor is reasonable. The strip shows this as well..  Problem with now is everyone was ramping for LNG Canada and the mild winter left

[kavern23]

Russia attacking Ukraine and causing NG to spike from sanctions was the real kick to the balls for NG...in that 2022 high aeco and USA NG prices caused over drilling and worse of all...marginal wells got recompleted and old gas plants even got started up in 2022. And then add techlogy gains in drilling and warm winter. I think LNG canada is very very over rated for helping NG long term. Canada