YGRAF - Yangarra Resources: Focusing On The Recovery
The first quarter of Yangarra Resources (OTCPK:YGRAF) largely escaped the effects of the coronavirus demand destruction. Still, the beginning effects of both the OPEC price war and the coronavirus issues were evident in the first-quarter results. Now, Mr. Market appears focused on the recovery. A low-cost operator like Yangarra (which also trades on the Toronto Stock Exchange as YGR) should recover faster than many of the higher cost competitors.
First-Quarter Report
Yangarra was one of the few companies to report a first-quarter profit. Very few companies reported profits even using adjusted earnings.
(Canadian