Zargon Oil & Gas Ltd ZARFF

RE:RE:North Dakota related

[hawkowl1]

Recent deals in Canada demonstrating it remains a buyers market. 

Zargon may not have the best of assets but trading at .43 cents is ridiculous. Insider selling is not helping. 
Perhaps Craig Hansen is simply being unrealistic and asking wayy too much.
Buyers are likely offering .80 cents per share and Craig wants $1.20?
Hedges expired end of June 2018.At least that was what I was told.
Hedging was a bad mistake. With no bank debt they cant blame the banks forcing them into dumb hedges. CPG,CJ,BTE etc..had no choice but to hedge.
At current prices ZAR's field cash flow is almost $20,000,000 going forward 1 year.
Trouble is volatility with WCS. Now if they could hedge 18 months forward at current WCS prices! If life were like VISA..