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Bullboard - Stock Discussion Forum 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... see more

Bullboard (GREY:ZARFF)

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Comment by hawkowl1on Jan 15, 2019 3:20pm

RE:RE:RE:RE:Look forward to updated presentation

IMO its not an issue at all. Especially if a company with a high LMR takes over Zargon.   Zargon currently has an LMR of 1.18 which is above the 1 . threshold. Dec 2018 and that is up from 1 ...more  
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Comment by pablo87on Jan 15, 2019 3:14pm

RE:RE:RE:RE:Look forward to updated presentation

cash flow is king: - convert Debbie's - swap ND for higher cashflow cdn assets - borrow a bit within reason - shut in ASP
55
Discussion
Comment by Cardboard1on Jan 15, 2019 1:47pm

RE:RE:RE:Look forward to updated presentation

"All companies have that issue. Cardinal likely trading at $100,000 per flowing barrel with decommissioning liabilities... or Crescent point..." Yes, they all have decommissioning ...more  
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Discussion
Comment by rad10on Jan 15, 2019 1:26pm

RE:RE:RE:Look forward to updated presentation

No more needs to be said........................  
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Discussion
Comment by hawkowl1on Jan 15, 2019 1:06pm

RE:RE:Look forward to updated presentation

All companies have that issue. Cardinal likely trading at $100,000 per flowing barrel with decommissioning liabilities... or Crescent point.  Its all relative and some wells will keep flowing for ...more  
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Discussion
Comment by rad10on Jan 15, 2019 12:22pm

RE:RE:Look forward to updated presentation

Yeah - great job guys 3.5 cents and counting! What is hilarious is that accrued interest was PIK at a 10 cents shareprice - some turkeys loaded up on debentures having parted with their hard earned ...more  
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Discussion
Comment by Cardboard1on Jan 15, 2019 12:02pm

RE:Look forward to updated presentation

Problem with these fellows that I suspect is the size of decommissioning liabilities. If you consider this as debt, then valuation moves from sub $10,000 per flowing to around $41,000. At that price ...more  
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Discussion
Post by hawkowl1on Jan 15, 2019 11:50am

Look forward to updated presentation

Also want to see if insiders will start buying.  Pricing as improved substantially,interest on debentures gone.Current market capitalization is 20 miilion factoring in U.S loan in Canadian ...more  
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Comment by pablo87on Jan 15, 2019 11:35am

RE:RE:RE:Debenture conversion

As you know I follow this company a lot - the debenture extension wasn't deceitful, they probably believed (erroneously) that asset valuations and oil prices would recover and they haven't ...more  
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Discussion
Comment by helgekon Jan 15, 2019 11:13am

RE:RE:Debenture conversion

That is not the issue. I chose not to hold shares in companies that engages in deceitful dealings. They are not likely to be successful.
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Discussion
Comment by pablo87on Jan 15, 2019 10:49am

RE:Debenture conversion

2017 extension was a mistake...Should have proposed 1/3 cash 2/3 shares to all and be done with it. But again the banks must have had a say in what was proposed then... The dubious is the sale of ...more  
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Discussion
Comment by hawkowl1on Jan 15, 2019 10:40am

RE:Debenture conversion

Please sell your shares.. that will show them hey..lol
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Discussion
Post by helgekon Jan 15, 2019 10:11am

Debenture conversion

Now I own shares in ZAR worth 4 cents. I will not be a sharehoder for long. I found it highly immoral, albeit clearly not illegal, for ZAR management to in January 2017 to extend the debentures with ...more  
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Comment by rad10on Jan 15, 2019 9:06am

RE:RE:RE:ZAR's debentures, the equity deal and Rad10 alias

LOL - in terms of risk vs reward I think the following was a better scenario for debenture holders.................   Accept PIK interest in March Preserve seniority ahead of common equity. ...more  
65
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