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.

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Zargon Oil & Gas Ltd > Annual Report - Tomorrow

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Comment by pablo87on Mar 16, 2019 5:29pm

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Post# 29496484

RE:RE:RE:RE:Annual Report - Tomorrow

Other than a transaction, the value and ultimately the share price driver is WCS and WTI. The costs are pretty well fixed (we'll be lucky if ops + sga + capex comes in under $7M for Q1) (CEO is not a cost cutter apparently), so are volumes, royalties, # of days in a quarter... If WCS was C$65 and WTI US$60, we'd be banking C$2M a qtr give or take.
They update the stock price real time but actually what we need is daily (better yet cumlative for the quarter) WCS, WTI and AECO.

Also, if a transaction doest happen soon, they need to do a reverse 10:1.

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