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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 rad10on Nov 21, 2018 9:53pm

RE:RE:RE:RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.

Isn't maximizing recovery the whole point in these situations?  The debentureholders are for the most part underwater. Our position in the capital structure enables us to push for a better ...more  
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Discussion
Comment by Philbert77on Nov 21, 2018 8:14pm

RE:RE:RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.

What is the point of pushing for more? Would we rather have more cash in the till so the company can actually survive? and what;s the point of pushing for a lower share price? Aren't we just gonna ...more  
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Discussion
Comment by rad10on Nov 21, 2018 6:25pm

RE:RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.

Amen to that hawkoil - nothing more sickening than a trust fund socialist. this is an opening gambit - it won't pass. I am confident we can improve on these terms with cash interest payments and ...more  
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Discussion
Comment by hawkowl1on Nov 21, 2018 5:33pm

RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.

This deal will take a few days to digest. Decent volume today. Someone was prepared to step up. Will be watching market action over next 2 weeks for signs as to where this is headed.  Its also ...more  
76
Discussion
Comment by rad10on Nov 21, 2018 5:24pm

RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.

Twin Butte............... Patience always pays Hawkoil. https://business.financialpost.com/news/fp-street/persistence-pays-off-for-principled-debenture-holders-at-twin-butte-energy
68
Discussion
Comment by hawkowl1on Nov 21, 2018 5:21pm

RE:RE:I will be voting yes to this proposal. Thinking of adding.

rad10  How successful have they been at marketing the assets over the last 2 years?  Deal breaker was always due to Debentures..  Do you really want to gamble on receivership ...more  
67
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Comment by rad10on Nov 21, 2018 5:21pm

RE:RE:I will be voting yes to this proposal. Thinking of adding.

I respect both of your opinions Hawkoil / Pablo - but there will be a better offer if you hold out.  Let them sell a bunch of stock to satisfy the first interest payment in cash - then ...more  
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Comment by pablo87on Nov 21, 2018 5:08pm

RE:I will be voting yes to this proposal. Thinking of adding.

Hawk, as you can see (I didn't see your post as I was typing mine), I agree with you.
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Discussion
Post by pablo87on Nov 21, 2018 5:07pm

Stage is set for ZAR to be acquired...

Zargon's asset base is not exactly clean - ND is a great asset but in the US and no tax pools remain, conventional is not too bad though lots of A&R and Little Bow is high cost. In this ...more  
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Comment by rad10on Nov 21, 2018 5:06pm

RE:I will be voting yes to this proposal. Thinking of adding.

Absolutely agree that a deal needs to get done hawkoil - but why should the shareholders retain 6%.???  Lets push for the revised offer with stock now priced at 6.5 cents a share.    ...more  
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Discussion
Post by hawkowl1on Nov 21, 2018 4:51pm

I will be voting yes to this proposal. Thinking of adding.

I consider this the first major step towards selling the entire company. Everybody looking into making a deal with Zargon were simply not interested due to fact an all share deal for common and ...more  
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Comment by pppon Nov 21, 2018 4:50pm

RE:Debenture holders will get stock either way

I guess now it is time to figure out what the company is worth dead or alive. IMO the debs are better off to take the deal. I have gone through this a few times before in my 30 years of investing ...more  
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Comment by rad10on Nov 21, 2018 4:31pm

RE:Debenture holders will get stock either way

Suggest you look up the definition of a debenture - fool. You have been the prize plonker with you ridiculous commentary. The only thing you have said that is accurate is we will own the company ...more  
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Comment by pablo87on Nov 21, 2018 4:19pm

RE:RE:RE:Craig Hansen, the CEO, is a major debenture holder

The big honest mistake was Little Bow ASP - when oil was $100.  Others made that mistake too - HSE, PXX, etc they just didn't bet the company...BoD approved it too...  In any event, this ...more  
67
Discussion
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