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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 rad10on Jan 21, 2019 9:28am
101 Views
Post# 29258719

RE:RE:RE:RE:RE:RE:RE:RE:RE:Zargon hires Macquarie

RE:RE:RE:RE:RE:RE:RE:RE:RE:Zargon hires MacquarieHi Cardboard I was referring only to zargon  - recovering most of face value on the former debentures will be an exercise in patience.  Listening to some of the ridiculous commentary on this BB about the ND assets "printing cash" and "refinancing the debentures" has been amusing.  Two real buffoons didn't even see this arrangement coming!

Hansen has managed to get his mandate - despite less than 50% of holders voting.  He has been unsuccessful selling the company for 2 years during a better O&G climate.  The hedging has been spectacularly counterproductive............  My fear is nothing has been learnt.  

Best case scenario will be a private company using the TSX listing - but why would a Newton, Ember or a Jupiter want to go public in this environment?  Multiples are near generational lows.......
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