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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 Cardboard1on Jan 16, 2019 9:05am
77 Views
Post# 29238433

RE:RE:RE:RE:RE:Look forward to updated presentation

RE:RE:RE:RE:RE:Look forward to updated presentation
"Those liabitiies will not come into play for many years."

Every year money is spent on this or just look at the financials. It is in the capex budget. And even if no money was spent on this for many years, which is not the case, who would chose to ignore this altogether?

If you had a billion $ and could acquire anything you wanted, you would ignore it?

IMO, the best acquirer for this would be a profitable entity who would quickly use their large tax pools as a big deduction and put this entire business into runoff: extract every penny possible, cut cost to the bone and not reinvest a dime into capex other than mandatory such as these decommissioning liabilities.

Cardboard
 
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