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 projects.

GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > Annualized CFPS of > $0.60 starting July

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Comment by nkbourbakion May 22, 2018 11:22am

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Post# 28063406

RE:RE:RE:Annualized CFPS of > $0.60 starting July

Cardboard1 wrote:
Pretty clear that they do not consider status quo sustainable:

"Zargon's board of directors recognizes that Zargon is a suboptimal size to operate as a public oil and gas company in Canada, and continues to explore alternatives to allow Zargon to continue as part of a larger, better-capitalized entity."

I noticed this wording in the most recent investor presentation, too. Is it new?

In any case, I'm frankly surprised to see the debs still trading just under .80. And there's a reasonable amount of supply. As it stands now I"m seeing over $100k face available at .80 or below.

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