Low-cost producer Yangarra Resources (YGRAF) will be profitable at considerably lower prices. This Canadian producer will have lower profits should oil and gas prices continue dropping. But the company will most likely report profits.
The largest update in the March slide presentation was that the latest prices of the stock indicate WTI pricing at less than $20 per barrel. Only one time has that been at a significant level and that was back in the 1980s when Saudi Arabia decided to re-enter the market. In doing so, the Saudis pushed the oil prices back to