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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 Bonecreek2on Jan 08, 2019 6:13pm

RE:RE:Hypothetical scenario

Could not agree more!!
115
Discussion
Comment by rad10on Jan 08, 2019 4:27pm

RE:Hypothetical scenario

Pure speculation hawkoil - nothing more.  
43
Discussion
Post by hawkowl1on Jan 08, 2019 2:59pm

Hypothetical scenario

No doubt there was interested parties who did their due diligence on Zargon. I can see them not being interested with 42 million of debentures. "Well Craig were interested but those debs make ...more  
110
Discussion
Comment by pablo87on Dec 31, 2018 3:35pm

RE:RE:RE:RE:I'm Thinking This is a Yes Vote

The proposal assumes share price appreciation post conversion when the track record is share price depreciation. A rational debentureholder should vote NO and hope for a quick sale and recover 80 ...more  
122
Discussion
Comment by funfacts2018on Dec 31, 2018 1:16pm

RE:RE:RE:I'm Thinking This is a Yes Vote

Petro, There are no guarantees for sure, but I am trying to be consistent: If the shares have a real value, regardless of whether that's 2 cents or 10 cents, then if the Trustee was paid ...more  
96
Discussion
Comment by PetroExploreron Dec 29, 2018 11:08pm

RE:RE:I'm Thinking This is a Yes Vote

Funfacts, I have to hope that Craig Hansen now wants to salvage what little he has left, from his investments in Zargon.  He's only been running the show, for around 24 years, so maybe it is ...more  
114
Discussion
Comment by PetroExploreron Dec 29, 2018 10:57pm

RE:RE:RE:RE:RE:RE:I'm Thinking This is a Yes Vote

Pablo, I was thinking of our Twin Butte debacle, or the attempted theft of the value from Debenture Holders, and the handoff to the National Bank. But you raise a good point on Perpetual Energy ...more  
90
Discussion
Comment by pablo87on Dec 28, 2018 1:28pm

RE:RE:RE:RE:RE:I'm Thinking This is a Yes Vote

I was thinking Perpetual Energy would be a fit so was that a Freudian slip Ptro? Maybe I should change my name to pabloexplorer.
63
Discussion
Comment by funfacts2018on Dec 28, 2018 1:27pm

RE:I'm Thinking This is a Yes Vote

Interesting viewpoint, and at least recognizing reality: a marginal company with marginal assets, punished by current (and recent past) oil prices. However I'm at a loss to translate that to ...more  
87
Discussion
Comment by PetroExploreron Dec 28, 2018 11:22am

RE:RE:RE:RE:I'm Thinking This is a Yes Vote

Pablo, at least they aren't trying something really stupid, like say offer the Debenture Holders 14 cents on the dollar, in some kind of transaction.  We've seen that game, before ...more  
81
Discussion
Comment by Bonecreek2on Dec 28, 2018 11:10am

RE:RE:RE:RE:I'm Thinking This is a Yes Vote

They will convert the debentures to shares & then go into receivership! 
56
Discussion
Comment by pablo87on Dec 28, 2018 10:27am

RE:RE:RE:I'm Thinking This is a Yes Vote

They could easily add the interest to the principal, saves the same cash just that they have to get approval from debenture holders for any potential transactions involving conversion obviously so we ...more  
73
Discussion
Comment by PetroExploreron Dec 27, 2018 9:43pm

RE:RE:I'm Thinking This is a Yes Vote

I don't know rad, we'll have to see if some other large Debenture Holders step up, with an opinion. But yes, the CEO is well invested in the debentures.  From what I can see in their ...more  
79
Discussion
Comment by rad10on Dec 27, 2018 1:51pm

RE:I'm Thinking This is a Yes Vote

Very considered opinion - PE. and a good read. The problem is - allowing the debt for equity conversion does not generate more leeway or flexibility for the company than agreeing to PIK for the March ...more  
76
Discussion
Comment by rad10on Dec 26, 2018 3:04pm

RE:stockfy

Yes it has been hilarious. He couldn't see the debenture proposal coming and was talking about the ND asset "printing cash". There is a complete lack of understanding about hybrid ...more  
73
Discussion
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