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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (45116)	11/9/2018 7:11:15 AM
From: Goose94	Read Replies (1) \| Respond to of 203136

Yangarra Resources (YGR-T) Canaccord Genuity analyst Anthony Petrucci says a recent pullback in Yangarra Resources represents a buying opportunity. An unchanged share target of $7, Mr. Petrucci boosted his rating to "buy" from "speculative buy." Analysts on average target the shares at $7.95. Mr. Petrucci says in a note: "Cash costs, including opex, transport and G&A, continue to trend lower as the company grows its production base. ... YGR announced an increase in its capital budget (from $120-million to $140-million), citing a shorter-than-usual break-up period. With significant increases in production (more than 10,000 barrels of oil equivalent and debt deleveraging (0.7 times 2019 estimate debt-to-cash flow), the risk profile of YGR has declined, we are now increasing our rating. YGR offers significant growth potential at a discounted cashflow valuation, which is supported by a healthy 2P NAV. YGR is trading at a 2019 estimated enterprise value-to-debt-adjusted cash flow of 2.5 times and a 2019 estimated D/CF of 0.7 times, versus its peer group at 4.4 times and 2.5 times. We believe YGR's discount is unwarranted."