Yangarra Resources (OTCPK:YGRAF) is my favorite investment opportunity in the Canadian oil and gas industry. I can't figure out the reasons for such an opportunity. Thus, I always look for weaknesses to challenge my investment thesis and the Q1 results are an occasion to do so.
Gas production proportion increased to 48% of the total production. As management didn't put in place any marketing diversification and didn't hedge any of the gas production, I thought I had found an issue. Gas production that represents almost half of the total production is fully