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 > Debenture holders will get stock either way

<< Previous

Bullboard Posts

Next >>

Comment by Cardboard1on Nov 22, 2018 9:26pm

59 Views

Post# 29012300

RE:RE:RE:RE:RE:RE:RE:Debenture holders will get stock either way

"why should we give away a premium on the current share price and forego interest payments"

To make money more quickly vs wasting time and risking a lot for a few pennies.

There is no "giving away premium on the current share price". If they had announced this not long ago at $0.30/share, the share price would have dropped to $0.15 and you would have said the same thing.

Why is that happening? Because the debs trade at a discount and whatever share price you pick to exchange at par it will always need to come down toward that discount.

Debs trade at $38.52 and the goal is to double or more asap. If this works, then I can rinse and repeat elsewhere. Waiting and procrastinating until Dec 2019 to make a few more percent is a dumb strategy.

Cardboard

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario