Video Summary:Yangarra Resources sliding as investor skepticism clips small-caps

Here is the video summary of the July 17th INK Morning report where we suggest that a break-out in Canadian financials may be what is needed to signal better days ahead for small-cap oil & gas names.

INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.

Script:

Despite improving Canadian oil prices since last fall, many small oil & gas stocks have continued to slide even as larger names have rebounded. Central-Alberta focused Yangarra Resources (YGR) is an example. The share price is down 68% over the past 12 months and is now in over sold territory. But could it still get cheaper?

The slide comes despite trailing 12-month earnings per share rising 93% as of Q1.

But, investors appear skeptical that the growth can continue, pushing down the stock's trailing 12-month P/E multiple to 4.2. This negative sentiment prevails despite management's Q1 guidance that 2019 production should increase at least 38% compared to last year.

Throughout it all, insiders have been buying.  As a group, five insiders have spent $3 million buying shares in the public market over the past year.

Weakness among small cap oil & gas names could continue until investors start to gain greater conviction towards global growth.

A break-out of Canadian financial stocks could signal better days ahead for the global economy and ultimately the economy-sensitive oil patch stocks. Given the value offered by small caps such as Yangarra, contrarian investors will want to watch for a potential upturn in the Financials.

Our report which is not a recommendation to buy or sell securities is available through INKResearch.com or via the Canadian Insider Club.  Good luck friends and thanks for listening!

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