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 > Share price down 30% in a few weeks

<< Previous

Bullboard Posts

Next >>

Comment by whodathunkiton Aug 16, 2018 3:39pm

164 Views

Post# 28473998

RE:Share price down 30% in a few weeks

[quote=pablo87]So the sp is down 30% in the last little while. Reason I believe is the company is almost out of cash.........
[/quote]

Not sure why you are thinking that. Their Aug 8th presentation acknowledges the current tight financial position but also talks about increased capital spending in the 4th qtr. due to improving cash flows because of the expiring June hedges.

Cheers.

<< Previous

Bullboard Posts

Next >>

5 steps to mastering risk management in the stock market