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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 > Best Hope is to Keep Company Intact, for now
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Comment by rad10on Nov 11, 2018 4:45am
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Post# 28956309

RE:Best Hope is to Keep Company Intact, for now

RE:Best Hope is to Keep Company Intact, for nowWe have seen some silly posts recently - so nice to read something intelligent. This price environment is not forever. Things will improve. The company will either recapitalize or dilute when the debentures are due. Extension means a couple more points in interest on a note trading at 50 cents on the dollar. There comes a time when a bank line is the better option to reduce that all consuming interest payment.
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