Yangarra Resources Ltd T.YGR

Petrus

[cfliesser]

How is Petrus valued at 160M vs. 100M for YGR?

Cash flow results are so much worse.

Debt 30M less, other than that what gives?

[kavern23]

Mystery I thought Petrus report was quite bad. debt is increasing and their revolving is a reserve based faculty reviewed nov 30th and if don't drill lol that isn't a good thing for reserves plus commodity prices. Petrus needs some belly s for oil. ygr was much better on capex per well. prq spent 19.2 for 5,2 wells with 3 of this only 1 mile that are 100 percent prq operated. ygr fracked

[kavern23]

Q2 also shows why petrus passed on Cenovus land package that fiddlehead is trying close....petrus doesnr look to have financial room on debt side. Cf to debt ratio would be wildly high and insiders would have to be willing to lend or take equity more. In current ng price I don't think petrus can handle a 80m  or 85m in debt plus need cash to drill on Cenovus land.

[pennydredful]

FiddleHead    should    have   sought   $$   from   US  not   Canada  as   that    is   where   recent  $$ have  been   coming    from   for    Cdn    Jr.     oil  and gas  .

[cfliesser]

Magic of a dividend I guess. A lot of investors might not read past that. 

[Helloworld]

Petrus is a ng company. All ng companies are evaluated based on future elevated ng prices.  Sde, crew also both posted similar ffo/share to ygr but are 4x the share price so on that basis petrus might be undervalued! 

[cfliesser]

are you joking? Petrus has very similar gas to oil cut as YGR

[Hendrick3]

It's the dividend and nothing else. I don't think any Petrus shareholders are comparing their results with ygr because they have what they want, a dividend. 

[cfliesser]

Thats been my conclusion too. Scary to be a PRQ shareholder... A dividend does nothing to fundementals.

[pennydredful]

sometimes  large dividends  are  paid   to satisfy  the   needs   or  wants  of   large  shareholders whether advisable   or not. 

[kavern23]

Penny like 72 percent of the divas paid are going to insiders who own that much of petrus.   ygr insider ownership is 26 percent if full diluted and I think that is a more ideal amount than petrus 72 percent.   I can see a downside of over 50 percent insider ownership if also the main lender to company. being big lender gives so control. george fink had this with Bne and may

[kavern23]

Also when aimco is a large shareholder plus lender to an oil and gas company how is that good for retail investor ? lender always lol come out best... Aimco would have power to merge some of the companies they are in if they ever wanted in a commodity crisis. Ygr 26 percent is good in that moviated to make things a success but not also lender that makes more if it fails. lots of times

[kavern23]

In play oil divy is more interesting as they don't have dominant shareholder and their lender is traditional bank.  prudent move for ygr to wait for 80m debt target before return if capital strategy...as ygr doesn't have a large lending to it.  a person shouldn't have a short memory...I remember the 2012-2019 stock market, I had some close calls financially. That

[pennydredful]

Lead   bank   at   IPO    is   the    Business   Development  Bank   --- a government  agency   ---not   a traditional   bank .   Keep   in   mind   one   or   more   directors   at   IPO

[pennydredful]

I  will  add   that  while  such institutions do not have to make   SEDI  filings  should  they  add to or sell part of  their  holding  in  a month  they  have   ten  days from  the  end  of  that  month  to  file  a form on  SEDAR  ( old name)

[pennydredful]

Largest shareholder  of  IPO   shares  holding 23.3%   is  Carbon Infrastructure  Parrtners  who  hold these on  behalf  of  two   Jog Capital  limited partnership  funds   

[kavern23]

Petrus still remaining active in land sales. Most recent one they got three sections of drilling rights below cardium to Mannville under some Ferrier wells they already have drilled for cardium wells. land sold really cheap as Petrus has lease and pipelines already their and isn't going to be competition for it. Owning as much drilling rights as possible over land area is going to be trend