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Bullboard - Stock Discussion Forum 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... see more

GREY:ZARFF - Post Discussion

Zargon Oil & Gas Ltd > Investors
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Post by Bonecreek2 on Nov 02, 2018 12:02am

Investors

Craig is not concerned about investors, he only is concerned about himself, he needs to go and maybe the company survives, just curious who is buying up the debentures because when they come due & are converted to shares there will be more than 200 million shares on the market & they will control the company!!
Comment by pablo87 on Nov 02, 2018 11:15am
The SP and debentures are trading assuming a conversion because barring an asset sale, a refinancing or a dramatic increase in WCS, its a big question mark whether or not Zargon can make the March 31 debenture interest payment.  Personally, I'd refinance and buy back the debentures for 70 cents on the dollar but that's a peanut gallery comment as I have no idea whether that's ...more  
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