Yangarra Resources Ltd T.YGR

Hedging

[kavern23]

Pinecliff hedged some ng after June 30 financials and they for 1.90 from august to march 2025...

all you get is better than spot prices in august to oct but spot from nov to march should be above 1.90.

makes sense to not hedge at this point, that ship has sailed , and ride for winter spot.
 

I expect more shut in a coming from industry on the marginal stuff. More time pssses the less good hedges from before exist. Most companies had higher hedged prices for ng in q2 than q3 so pain is coming for some shortly

[Hendrick3]

Poor Pinecliff shareholders. Receiving half a cent dividend per month fully funded by debt. They are caught though as a dividend cut would push them below 60 cents. 

[TheRexmember]

Lol. pinecliff is a zero drama company.  Q2 on Pinecliff is out. Dividends paid, debt reduced, no dilution and their hedging for the next 6 months is at an average price of 2.78.  low decline rates matter. not diluting shareholders matter not missing production forecasted for 6 of 7 quarters in a row matters. Is Yangarra even back to their pre pandemic production

[Helloworld]

Not sure why so much talk about PNE here.  Their quarter was actually much better than I thought it would be. Obviously had good hedges in place.  Both PNE and YGR have room to rise when aeco recovers. Not sure why the animosity.  YGR underperformed operationally and SP wise from 2020 to 2023.  2024 is hopefully a turning point operationally. Well spacing, which affects

[TheRexmember]

Helloworld I compared PNE on the YGR board as an example of a junior quality company that was dismissed by most investors for a variety of reasons but still it outperforms YGR on every metric but "profitability" and ARO.  There are other cheap companies with great prospects out there and far more upside. 

[Hendrick3]

What metrics are of any interest greater than profitability and FFO per share? Ygr has pummeled Pne on these metrics for the last year, also on reserves growth. Pne has led on dividend payments but borrowed to do so. 

[TheRexmember]

Lol. PNE "borrowed" to pay part of a dividend for part one Q. A couple million, so insignificant. Prior to that quarter they had 55 million in cash - no debt. The most recent Q they psid down debt. they will also have paid out 95 million in dividends by the end of this year. Not bad for just over 2 years of payments. 

[kavern23]

Rex...it should be illegal for Pinecliff to pay a divy with over 300m in future reclaimation expenses and reserves decreasing as they cant afford to drill. Its the tax payers that will be on the hook to reclaim these wells. Pne already is mandated to spend 7.1m a year on reclaimation and this will only go up in future.

[TheRexmember]

Kavern that post just demonstrates how little you know about oil and gas. Still commenting and obsessing about all of the irrelevant data. I get that you like to troll but seriously being a fanboy of a company that has had declining production and poor cash flow for 5 years like YGR and thinking that somehow their 30% plus decline rate is safer than PNE is just nonsensical blather. By next year

[kavern23]

So use facts Rex and not personal insults.... name one transaction in which an older property with high reclaimation property has got good value in sale? look at crew energy today..crew is like a 30k boe a day producer with under 40m in aro.... and more reputable companies with old assets like obsidian or cardinal are spending lots per year on reclaimation as it is easier to get financing. the

[cfliesser]

How is Crew worth $1B with 30k production and 71% of that is nat gas? So 10x YGR valuation, similar debt level and 3x production? And arguably not 3x production when you factor in GOR...

[TheRexmember]

One is a great company with a premier liquids rich property and substantial growth and cash flow. The other is Yangarra. 

[kavern23]

Rex you obviously have not been in oil and gas for many years. Crew energy was like 20 dollars in 2010...10 bucks in 2014...and sold for not even 7 bucks in 2024.. Judging companies success by just after 2022 Russia induced ng spike for a year isn't a way to make money long term as an investor, you have to think stargeic. Not about being a fanboy of ygr I just think your critique of ygr

[pennydredful]

For    considerable   perionds   Crew   sold   for     pennies   per   share   even   low   pennies  .

[Banshee]

Yes , but they got a whole lot better , unlike some worthless  pennyloser who likes to troll other people and boards , always flapping his gums , as if anyone is interested.

[pennydredful]

low    was    17   cents

[TheRexmember]

Kavern you are still making poor assumptions Page 22 of the corporate dec: "since 2021 pinecliff  has abandoned over 1000 wells and obtained 11 reclamation certificates. Over 92% of Pinecliff well bores are active and producing assets, which is one of the highest percentages in the industry" facts, not assumptions and hope. Competent management teams have active M and A

[kavern23]

Sure let's keep to facts and not assumptions.... 1. Lots of government handouts for reclaimation after COVID... 2. Higher ng prices allowed Pne to put more wells from inactive to active... And let's use the old 92 percent of Pne wells are active...lol that still is bad as 8% of 7000 wells is a lot...