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        Hi I'm Ted Dixon with your
INK
        Morning Report video
summary
        for March 25th.
        Today we revisit
        Yangarra Resources (YGR)
is up
        60.6% since we last
        featured it here on
December 23rd,
        but recently the stock has
come under
        pressure along with the
rest of the sector.
        When it reported Q4
results on March 4th,
        Q4 revenue came in at
$23.1 million
        while funds flow from
        operations were $0.15 per
share.
        Q4 production was 9,169
barrels of
        oil equivalent per day,
45% liquids.
        Management still expects
to spend
        $60 million on capital
expenditures.
        In contrast to giant
Suncor which has
        vowed not to increase
        its capital budget for the
year,
        Yangarra appears to be
taking
        a flexible approach should
        commodity prices remain
strong.
        On the ESG front,
        Yangarra has targeted
        a 55% overall methane
emissions reduction by
        2024 (compared to 2021) as
        well as a 25% carbon
intensity reduction
        over the same period.
        It also has its eye on
        potentially selling carbon
offsets
        down the road by
surprising
        its regulatory
        emission reduction
requirements.
        However, we believe there
is
        room for the company to
        improve in terms of
        setting emissions
performance benchmarks.
        In terms of our ESG
Climate framework,
        we give it a B+ grade.
        Meanwhile, insiders have
        continued to acquire
shares,
        and we suspect that will
help stay in the Top
        10 when we release
        our Energy Top 30 report
        for March in the coming
days.
        Of course, we will have to
see.
        This is not A
RECOMMENDATION
        TO BUY OR SELL SECURITIES
        AND I AM NOT A FINANCIAL
ADVISOR.
        SO PLEASE DO YOUR OWN DUE
DILIGENCE.
        If you would like a copy
of the full report,
        please visit
INKResearch.com or
        CanadianInsider.com and
        checkout the Canadian
Insider Club.
        Thanks for dropping by and
check back again
        tomorrow for another INK
        morning report video
summary.