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Bullboard - Stock Discussion Forum 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... see more

Bullboard (GREY:ZARFF)

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Post by PetroExploreron Dec 26, 2018 3:00pm

I'm Thinking This is a Yes Vote

Zargon is in brutal shape, thanks to the oil price collapse.  Their oil quality is marginal.  Their North Dakota assets look interesting, but can't be compared to premium Bakken assets ...more  
Post by stockfyon Dec 26, 2018 5:36am

To auburn2 alias

auburn2 alias, don't mess up with me. I know it hurts you the fact that I have disclosed your multiple failed efforts to pump a bunch of stocks that have crashed since 2017. All of them have ...more  
Comment by auburn2on Dec 25, 2018 6:15pm

RE:stockfy

Here he is June 6: "WCS up over  C$14 yesterday. Great news for ZAR and for the forward thinkers." In addition to being totally ridiculous with his stock predictions, he slanders other ...more  
Post by auburn2on Dec 25, 2018 6:02pm

stockfy

Has this ridiculous pumper been at this thing since June, pumping it all the way down from 40 cents to 4 cents?
Comment by Methodon Dec 25, 2018 10:13am

RE:RE:RE:RE:RE:RE:Voted NO

1. They can choose option 1 but I doubt the trustee could find buyers for $2m dollars worth of stock (40m+ shares) so that is the point they would default on the convertible. This option is different ...more  
Comment by funfacts2018on Dec 24, 2018 4:50pm

RE:RE:RE:RE:RE:Voted NO

I admit that I'm confused about a couple of comments that I've seen before, and are repeated in this thread. 1) I reviewed the original prospectus and it quite clearly gives Zargon the right ...more  
Comment by Methodon Dec 24, 2018 2:29pm

RE:RE:RE:RE:Voted NO

1. Why pay the receiver more than the equity holders? Shouldn’t we just want to pay the least so there is more for the debenture holders? 2. The converts are an impediment because you need the equity ...more  
Comment by rad10on Dec 24, 2018 1:31pm

RE:RE:RE:Voted NO

The receiver will get more.  The equity is worthless and you can't expect them to work for free. The convertibles are not an impediment.  They are trading where they are for good reason ...more  
Comment by helgekon Dec 24, 2018 1:09pm

RE:RE:RE:Voted NO

It was not the Debenture holders that proposed the deal on the table.
Comment by Methodon Dec 24, 2018 12:14pm

RE:RE:Voted NO

The only issues I see with voting no is that the receiver will likely get more than the equity holders and the convertibles are an impediment to any deal for less than $42.5m in value.  The idea ...more  
Comment by pablo87on Dec 24, 2018 9:46am

RE:Voted NO

Agreed. Even though I’d like to support mgmt, with recent events in the market, I have to take a defensive posture and vote NO and support your suggestion to issue shares in lieu of cash for the March ...more  
Comment by alkhoron Dec 22, 2018 7:53pm

RE:Voted NO

After much consideration, I have also voted no. I have some common shares but in my head they are already worth zero, so I'm expecting the debs to take over the company. In that case, I want the ...more  
Comment by funfacts2018on Dec 22, 2018 5:14pm

RE:RE:RE:RE:PSH's North Dakota deal at US$100K/boepd and ZAR's ND assets

While it may have been presumptuious to make that assumption: 1) I have reviewed news from Zargon's webpage and see nothing concerning an impending deal of that nature. 2) The meeting of ...more  
Post by rad10on Dec 22, 2018 3:40pm

Voted NO

(1) Happy to receive PIK in lieu of the March interest payment.  New shares issued at 95% of the VWAP nearer the time.  (2) Not willing to lose seniority on the capital structure. (3) Not ...more  
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