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An update from Yangarra Resources ( (TSE:YGR) ) is now available.
Yangarra Resources Ltd. reported its 2024 financial and operating results, highlighting a challenging year with a 12% decrease in average production and a 20% drop in oil and gas sales compared to 2023. Despite these setbacks, the company plans to maintain production levels in 2025 with a capital budget of $55-$60 million, anticipating cash flow generation of $85-$90 million, supported by strategic decisions such as a farm-in on 11 sections in the Chambers area.
More about Yangarra Resources
Yangarra Resources Ltd. operates in the oil and gas industry, focusing on the exploration and production of hydrocarbons. The company is primarily engaged in drilling and optimizing production in its key operational areas.
YTD Price Performance: -8.04%
Average Trading Volume: 72,890
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$101.7M
See more data about YGR stock on TipRanks’ Stock Analysis page.