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Zargon Oil & Gas Ltd T.ZAR


Primary Symbol: 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 projects.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > WCS at $62.70 as of yesterday
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Comment by hawkowl1on Apr 12, 2018 11:15am
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Post# 27873246

RE:RE:WCS at $62.70 as of yesterday

RE:RE:WCS at $62.70 as of yesterday

One factor why a deal has not been struck is backwardization of oil prices. 
Future price strip much lower than current price. This is what Opec prefers to get oil out of storage. Oil going into contango (rising prices in future strip) will be very positive for oil patch.
That will allow hedging to lock in great prices.Banks wont back a potential deal unless future prices are higher.As a result only companies with great balance sheets can make acquisitions.
In meantime Zargon will continue to operate and have free cash flow available. 

Prices in most oil and gas companies are insanely cheap as a result.



 

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