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Zargon Oil & Gas LtdZAR.TOSELLFeb 27, 2013Stock price when the opinion was issued
As of Oct 15, 2020. Market Open.
Like all the other dividend paying oil/gas stocks, it has been weak over the past year. The bottom was put in, in the July/August time frame and it is veering down again. Generally a chart like this says you have a number of holders who are continuing to liquidate their positions. Has weak distribution coverage. 9.4% yield.
(Market Call Minute.) Has an unsustainable dividend and high debt levels. Will be outspending cash flow in bringing on the Little Bow polymer project.