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

To: Goose94 who wrote (79016)	2/22/2021 6:31:30 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Yangarra Resources (YGR-T) new 52 week high, $1.05

To: Goose94 who wrote (79016)	3/11/2021 7:52:20 AM
From: Goose94	Read Replies (2) \| Respond to of 203382

Yangarra Resources (YGR-T) CIBC World Markets says the recent OPEC+ meeting "provides significant and surprising tailwind to pricing and inventory projections." CIBC analysts raised their cash flow estimates for oil-weighted companies they cover in response to increases in their commodity price forecasts, leading to target price adjustments as well as rating changes. They expect OPEC+ to show continued "supply restraint over the coming months." The analysts say: "The supply restraint is directionally bullish for price, and should enable ample stock drawdowns over the near term. This is a 180-degree turn from the events which unfolded nearly a year ago that took crude prices into a tailspin unlike any other in history." Analyst David Popowich boosted his ranking for Yangarra Resources to "outperformer" from "neutral." He boosted his share target to $1.75 from $1.25. Analysts on average target the shares at $1.61. Mr. Popowich says, "The stock also trades at a substantial discount to peers on our higher price deck, which we believe is unjustified given the change in growth visibility."