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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (56133)	4/9/2019 8:41:43 AM
From: Goose94	Read Replies (2) of 203382

Yangarra Resources (YGR-T) Industrial Alliance Securities analyst Michael Charlton believes Yangarra Resources is poised to benefit from rising oil prices. Mr. Charlton rates Yangarra Resources "buy" with $6.50 share target. Analysts on average target the shares at $5.98. Mr. Charlton says in a note: "Yangarra Resources' liquids rich Cardium development play continues to deliver increasing production rates and strong liquids cuts. Given its 61-per-cent liquids weighting that drives nearly 90 per cent of its forecasted revenue with minimal to none of its production hedged, Yangarra's free cash flow could pop in Q2/19 and through the balance of the year if liquids pricing holds. The company's relatively active, $100-million 2019 capital program that looks to drill 24 wells should also provide for the potential to see significant reserve additions again this year." Nov. 9, 2018, that Canaccord Genuity analyst Anthony Petrucci said Yangarra Resources' recent share pullback had created a buying opportunity. The shares could then be had for $3.59.

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