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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... see more

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Zargon Oil & Gas Ltd > LMR

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Post by rad10 on Nov 17, 2017 9:18am

LMR

anybody have insight into the liability management rating system used by the Alberta Energy Regulator. How is the rating system calculated? There is an ominous warning in the Q3 financial report how it could negatively affect ability to buy and sell assets.

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Comment by nkbourbaki on Nov 17, 2017 12:55pm

I noticed that too. Quick search found this: https://www1.agric.gov.ab.ca/$department/deptdocs.nsf/all/ofa16061 Interesting that Zargon financials say something about uncertainty regarding how this ratio is being applied. Monthly reports are freely available, so you can find the ratios of any company. I noticed that Obsidian (old Penn West) is at 1.60, under the 2.0 threshold. ...more

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Comment by rad10 on Nov 17, 2017 3:24pm

thanks nbourbaki - anyone else venture an opinion? Sold some debs into the dutch auction a few months ago and they have drifted back down again - looking to load up. Noticed there has been quite a bit of insider selling of the common stock though, Anyone have any thoughts on this?

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Zargon Oil & Gas Ltd