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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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GREY:ZARFF - Post Discussion

Zargon Oil & Gas Ltd > Annualized CFPS of > $0.60 starting July

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Post by sculpin2 on May 16, 2018 1:11pm

Annualized CFPS of > $0.60 starting July

Page 6 of the latest presentation...

https://zargon.ca/wp-content/uploads/2018/05/Zargon-Corporate-Presentation-May-14-2018-Final.pdf

Major moves in CDN oil pricing, medium oil finally getting it's due....

WCS closed at C$74.43
Compared to last year at C$52.65
and YTD average of C$53.26

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Comment by PlanetURF on May 18, 2018 11:08am

Does annualized corporate funds flow include capital expenditures?

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Comment by pablo87 on May 18, 2018 12:34pm

Planet, It does not.

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Comment by pablo87 on May 18, 2018 12:33pm

And if I my add, one of the issues with Zargon is the very high cost sg&a and interest on a per bopd basis relative to larger peers.. A buyer would lose most of these costs so the cashflow #'s for them would be even better. They really need to sell or grow, the status quo w/rc to not drilling is not sustainable. Alberta plains already lost 20% of oil reserves and 20% of oil ...more

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Comment by Cardboard1 on May 22, 2018 9:09am

Pretty clear that they do not consider status quo sustainable: "Zargon's board of directors recognizes that Zargon is a suboptimal size to operate as a public oil and gas company in Canada, and continues to explore alternatives to allow Zargon to continue as part of a larger, better-capitalized entity." The key was to survive long enough and not do any stupid transaction until a ...more

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Comment by nkbourbaki on May 22, 2018 11:22am

I noticed this wording in the most recent investor presentation, too. Is it new? In any case, I'm frankly surprised to see the debs still trading just under .80. And there's a reasonable amount of supply. As it stands now I"m seeing over $100k face available at .80 or below.

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Comment by nkbourbaki on May 23, 2018 8:14am

And I see that Doetzel is still unloading shares as fast as they vest. Really strange IMO but consistent.

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Comment by RollinInDough on Mar 25, 2019 5:23pm

what pablo? as you opinined... you even expected better than 60 cents.... but wait, they wereCF negative, you turnip.... my goodness you guys need supervision by an adult... you really do... your poor family, you taken care of the family money... so sad... so bloody sad for them... now stop the madness pablo... you got no clue, in the least.

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Comment by pablo87 on Jun 04, 2018 1:48pm

WCS back down to $51 per psac.ca? With the limited amount of cash on hand that Zargon has, if that continues for any length of time they will need to get a bank line, raise some money or go ahead with a sale/merger. On a positive note, LSB (North Dakota production) is still holding at US$58.

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