Yangarra Resources (TSE:YGR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Yangarra Resources Ltd. reported improved drilling efficiency and a positive delineation of new areas in their 2023 year-end results, but faced challenges with declining natural gas prices, leading to a constrained capital program. Heading into 2024, the company aims to focus on debt reduction with a capital budget of $70 million, while maintaining stable production levels and exploring waterflood potential in the Halo Cardium with a pilot project.
For further insights into TSE:YGR stock, check out TipRanks’ Stock Analysis page.
