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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 > Zargon hires Macquarie
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Comment by Cardboard1on Jan 21, 2019 11:24am
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Post# 29259513

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Zargon hires Macquarie
Right and why would any of the companies you mentioned want to acquire Zargon assets? Spread around, not in key basins, high costs?

Most acquisitions need to have synergies so most recent arrangements were bolt-on. And I would be surprised if any of the company that you mentioned generate profits or at least in reasonable fashion to use up quickly their tax carry-forwards.

The only smart route IMO is to cut cost and wait out for better days. As you mentioned multiples are at generational lows. If Hansen does not have the patience to do that then he should resign.
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