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Zargon Oil & Gas Ltd ZARFF

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

Comment by PetroExploreron Feb 11, 2019 12:33pm
135 Views
Post# 29347534

RE:RE:RE:RE:concise capital

RE:RE:RE:RE:concise capitalAn industry credit crunch, would force prices to go higher, to maintain the capital required to sustain production, solely out of cashflow.  The current industry is unsustainable, with these low commodity prices.  (Of course we've been saying that for four years now...)

I feel more comfortable, with the emergence of this gorilla shareholder, Concise Capital.  They are in it to win it (hopefully), and will want to preserve their original investment.  So first good 9 cent/share valuation, and Zargon is done.

Here's one of their newsletters:

Concise Capital Newsletter

They prefer to be senior in the capital structure, so if they wanted to force the company into bankruptcy, they would have voted No, to the deal.  They appear to have voted Yes, so they will want to see this through to the end, and recover their investments.







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