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Zargon Oil & Gas Ltd ZARFF

Energy Oil & Gas E&P
Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin projects.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > WCS yesterday $48.66
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Comment by hawkowl1on Apr 05, 2018 4:35pm
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Post# 27838767

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WCS yesterday $48.66

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WCS yesterday $48.66

A lot can happen between now and December 31st ,2019 regarding conversion of debentures. 21 months away.There is talk of $80 oil this year. 

Not sure where you get your numbers of .5cents per share?
With rising oil prices Zargon common will not stay at .39 cents . 
Not saying it will go to $1.25 but it will be much higher than todays closing price.
Zargon to start with has a very low share count which is very positive.
Assuming shares are .75 cents upon conversion unless my math is wrong there will be 
86 million shares outstanding and no debt.  

Based on table from Zargon presentation @ $55 can for WCS projected field cash flow times 4.5 would value Zargon at $87 million or a tad more than $1 per share .Seems reasonable considering company would be debt free and saving $3.3 miillion of interest.

The large caps made a significant move today.CVE,CPG..they always lead market. 
Small caps are always the last the react. But again If you feel so negative on Zargon I dont understand why your in this security? 

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