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Zargon Oil & Gas Ltd ZARFF

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

Comment by pablo87on Nov 21, 2018 4:19pm
67 Views
Post# 29006828

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

RE:RE:RE:Craig Hansen, the CEO, is a major debenture holderThe 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 is the risk we take as investors when we invest in these small caps...FYI, I made a lot on TBE and will lose a lot here but I take responsibility for my decisions here whereas with TBE, I felt the whole process was unfair (same with PXX by the way).

Besides, this WCS discount killed this stock - the actions by the big boys (Ottawa, Alberta, integrated producers) is the single biggest reason why the share and debenture price tanked recently and is the cause for this proposal.

YMMV
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