Zargon Oil & Gas Ltd ZARFF

Paving season starting WCS jumps to over $71 Canadian Pesos!

[hawkowl1]

First half numbers will be awsome for most heavy oil producers.
 Notley out in 2 weeks ,China USA settle trade dispute in late April.
Interest rates lowered in U.S.A
Trudeau popularity keeps plummeting setting up a Conservative government in Ottawa this fall or even earlier if Trudeau decides to call early election(hoping he does).Which will lead to billions of dollars flowing back into oil patch.
Sell in May and go away strategy unlikely to be a good move this spring.

[pablo87]

At C$71 WCS, I'm guesstimating $103K of revenue daily NET of royalties. Field ops and capex of $72K and SG&A around $9K a day. $8M annual cashflow. Like I said, its all about WCS for this one.

[rad10]

Being very patient with this one pablo..............  I don't like holding common shares in these penny stock P-O-S companies.  Prefer a trip to the casino.

[pablo87]

I know how you feel...- there are very few buyers...investors can put money in 50 or more O&G that are way down as well, why choose the smallest one with the lowest share price that almost went under in Q4? They seem stymied, paralyzed - they haven't actually taken any action in the past 3-4 years unless pressed by financial stress. For example, they could do a 10:1 reverse, would make