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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 Jan 10, 2019 11:20pm
100 Views
Post# 29216278

RE:RE:RE:Done deal

RE:RE:RE:Done dealThe bankruptcy/Receivership narrative was FUD.

Co. ended Q3 with $3.5M cash on hand + then borrowed another $5M on an asset they put up for sale a month later. Why would they do that? Because they didn't want to go down that bk path. Plus by late December, the differential was back to normal so the worst was over - it would have been outrageous to bk the co. Following a NO vote.

Most of us have lost a lot on Zargon, I'm pretty sure we've earned the right to vote however the heck we want.

The ad hominem attacks are a sad statement on what people are capable of and how easily they can be manipulated.
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