Last C$1.10 CAD
Change Today +0.08 / 7.84%
Volume 4.8M
As of 4:06 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

yangarra resources ltd (YGR) Snapshot

Open
C$1.05
Previous Close
C$1.02
Day High
C$1.12
Day Low
C$1.03
52 Week High
04/17/14 - C$1.12
52 Week Low
04/18/13 - C$0.27
Market Cap
162.7M
Average Volume 10 Days
2.3M
EPS TTM
C$0.04
Shares Outstanding
147.9M
EX-Date
--
P/E TM
27.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for YANGARRA RESOURCES LTD (YGR)

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yangarra resources ltd (YGR) Details

Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of resource properties in Western Canada. It has interests in oil and gas properties located in the Central Alberta, Medicine Hat, and Jaslan areas of Alberta. The company also owns approximately 100,569 net acres of undeveloped land. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

yangarra resources ltd (YGR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$150.0K
Vice President of Land
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2012.

yangarra resources ltd (YGR) Key Developments

Yangarra Resources Ltd. Announces Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2013; Announces Operating Results for the First Quarter of 2014; Provides Production Guidance for the First Quarter and Full Year 2014; Approves Adoption of Advance Notice By-Law

Yangarra Resources Ltd. announced earnings and operating results for the fourth quarter and year ended December 31, 2013. For the quarter, the company announced petroleum & natural gas sales of $11,087,956 compared to $4,842,343 for the same period a year ago. Net income for the period before tax was $1,576,908 compared to net loss for the period before tax of $2,409,766 for the same period a year ago. Net income for the period was $750,851 or $0.01 per basic and diluted share compared to $340,623 or $0.00 per basic and diluted share for the same period a year ago. Funds flow generated from operating activities was $7,975,588 or $0.06 per basic and diluted share compared to $3,168,328 or $0.03 per basic and diluted share for the same period a year ago. Cash from generated from operating activities was $10,757,178 compared to $4,163,347 for the same period a year ago. For the year, the company announced petroleum & natural gas sales of $34,726,657 compared to $21,327,157 for the same period a year ago. Net income for the period before tax was $4,146,706 compared to $21,174 for the same period a year ago. Net income for the period was $2,585,699 or $0.02 per basic and diluted share compared to net loss of $217,712 or $0.00 per basic and diluted share for the same period a year ago. Funds flow generated from operating activities was $25,648,666 or $0.21 per basic and diluted share compared to $14,588,405 or $0.12 per basic and diluted share for the same period a year ago. Cash from generated from operating activities was $27,077,123 compared to $17,016,431 for the same period a year ago. Capital expenditure was $47 million compared to 19.8 million a year ago. For the quarter, the company announced daily production volumes of natural gas of 8,303 mcf/d compared to 4,607 mcf/d for the same period a year ago. Daily production volumes of Oil were 683 bbl/d compared to 418 bbl/d for the same period a year ago. Daily production volumes of NGL's was 605 bbl/d compared to 304 bbl/d for the same period a year ago. For the year, the company announced daily production volumes of natural gas of 6,583 mcf/d compared to 5,586 mcf/d for the same period a year ago. Daily production volumes of Oil were 556 bbl/d compared to 350 bbl/d for the same period a year ago. Daily production volumes of NGL's was 422 bbl/d compared to 341 bbl/d for the same period a year ago. During the first quarter of 2014 the company drilled 6 gross (5.9 net) wells in the Cardium formation. A total of 4 gross (3.9 net) wells were put on production during the quarter with the final 2 (2.0 net) expected to be on stream at quarter end. The company experienced 11 days of shut-in production (approximately 1,200 boe/d) due to the TransCanada pipeline rupture near Rocky Mountain House and an additional 150 boe/d average for the quarter of Keyera curtailments at other facilities. The company will continue to drill through break-up as conditions permit, with 6 gross (5.2 net) wells planned for the second quarter. The company expected first quarter production to be approximately 2,800 boe/d and full year guidance remains at 3,200 boe/d. The company announced that its Board of Directors approved the adoption of an advance notice by-law. Among other things, the Advance Notice By-law fixes a deadline by which shareholders must submit a notice of director nominations to Yangarra prior to any annual or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for it to be valid. The Advance Notice By-law is effective immediately. At the next meeting of shareholders of the Corporation, shareholders will be asked to confirm and ratify the Advance Notice By-law.

Yangarra Resources Ltd. Announces Board of Directors Appointments

Yangarra Resources Ltd. announces the appointment of Neil Mackenzie and Ted Morton as independent members of the Board of Directors. Neil MacKenzie is an independent businessman, with more than 45 years of oil and gas experience. Mr. MacKenzie is a director of various public companies, including Canyon Technical Services, and currently a partner in Blackstone Fluids. Mr. Morton is currently an Executive-in-Residence at the School of Public Policy at the University of Calgary and Senior Fellow, Energy and Environment, at the Manning Foundation and also serves on the Board of the Alberta Land Institute and the Board of Governors of the Council of Canadian Academies.

Yangarra Resources Ltd. Reports Production Results for Month of December 2013; Provides Operations Update for the Year 2014

Yangarra Resources Ltd. reported production results for month of December 2013. the company's December 2013 production averaged approximately 3,000 boe/d. The company also provided operational update for the year 2014. Yangarra's contracted drilling rig commenced operations after the Christmas break on a two well pad (1.75 net Cardium wells) in Willesden Green on December 28, with the first well now drilled and the second well on the pad expected to be rig released January 23, 2014. Completion operations will commence on January 24, with a frac date booked for January 28, 2014. The company expects to drill 4 gross (4.0 net) additional wells prior to breakup and with an additional two well pad ready (2.0 net wells) in the event that breakup is later than expected. Yangarra has identified 30 Cardium and Glauconite locations that could be developed with long reach (1.5 mile & 2 mile) horizontal wells. Yangarra plans to drill its first long-reach horizontal well after spring breakup in 2014. The company's current production is approximately 3,300 boe/d.

 

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Valuation YGR Industry Range
Price/Earnings 46.9x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 8.7x
TEV/Sales -- Not Meaningful
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