Zargon Oil & Gas Ltd

ZAR-T

Analysis and Opinions about ZAR-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 23, 2013

This had been on his Short List of about 10 companies. There is absolutely nothing wrong with it. He thinks you could get an 8%-10% rate of return. It just didn’t seem to have that key catalyst driver that could make it exciting. (See Top Picks.)

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This had been on his Short List of about 10 companies. There is absolutely nothing wrong with it. He thinks you could get an 8%-10% rate of return. It just didn’t seem to have that key catalyst driver that could make it exciting. (See Top Picks.)

COMMENT
COMMENT
August 6, 2013

These are really, really high quality people. These are people who believe that you ought to make money in oil and gas. Very disciplined and very good in all regards. He has owned the stock for many, many years and he is completely unconcerned about the price direction.

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These are really, really high quality people. These are people who believe that you ought to make money in oil and gas. Very disciplined and very good in all regards. He has owned the stock for many, many years and he is completely unconcerned about the price direction.

DON'T BUY
DON'T BUY
April 17, 2013

Would be mildly cautious on this name. Did a presentation on an enhanced oil recovery scheme that they are implementing, where they are not going to get a production response for 2 years.

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Would be mildly cautious on this name. Did a presentation on an enhanced oil recovery scheme that they are implementing, where they are not going to get a production response for 2 years.

SELL
SELL
February 27, 2013

(Market Call Minute.) Has an unsustainable dividend and high debt levels. Will be outspending cash flow in bringing on the Little Bow polymer project.

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(Market Call Minute.) Has an unsustainable dividend and high debt levels. Will be outspending cash flow in bringing on the Little Bow polymer project.

BUY
BUY
December 31, 2012

He is starting to get interested in the energy sector. Put your stop at the recent lows. They are probably going to be ok. He is starting to see bottoms in some of the oil services.

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He is starting to get interested in the energy sector. Put your stop at the recent lows. They are probably going to be ok. He is starting to see bottoms in some of the oil services.

COMMENT
COMMENT
December 10, 2012

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.

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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.

SELL
SELL
June 25, 2012
Exited his position as it became clear that the company did not have a very sustainable model. Recently looked at it again but they are selling down assets to take care of balance sheet. Wont see material production growth until 2014. Thinks they will cut or eliminate the dividend.
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Exited his position as it became clear that the company did not have a very sustainable model. Recently looked at it again but they are selling down assets to take care of balance sheet. Wont see material production growth until 2014. Thinks they will cut or eliminate the dividend.
DON'T BUY
DON'T BUY
March 27, 2012
Weighted toward gas projects and assets. Like many others are trying to increase capital expenditures and drive growth on the oil side of the business. Thinks management will be effective over time, but they are just performing in line with other gas companies.
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Weighted toward gas projects and assets. Like many others are trying to increase capital expenditures and drive growth on the oil side of the business. Thinks management will be effective over time, but they are just performing in line with other gas companies.
HOLD
HOLD
September 28, 2011
Cut in dividend didn’t help but it is a hold. Not tremendous upside to it. Prefers large cap – ARC, BTE, etc.
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Zargon Oil & Gas Ltd (ZAR-T)
September 28, 2011
Cut in dividend didn’t help but it is a hold. Not tremendous upside to it. Prefers large cap – ARC, BTE, etc.
BUY
BUY
May 10, 2011
Very good management. Good operating costs. Good mixture between the 2 commodities. Good yield of almost 8%.
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Very good management. Good operating costs. Good mixture between the 2 commodities. Good yield of almost 8%.
WEAK BUY
WEAK BUY
September 13, 2010
Expected to convert to a Corp Jan 1/11 and move their distribution into a 6%-8% dividend range. Have some resources but could do a better job of explaining what they have. He owns it primarily for the yield. (See Top Picks.)
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Zargon Oil & Gas Ltd (ZAR-T)
September 13, 2010
Expected to convert to a Corp Jan 1/11 and move their distribution into a 6%-8% dividend range. Have some resources but could do a better job of explaining what they have. He owns it primarily for the yield. (See Top Picks.)
HOLD
HOLD
December 7, 2009
50/50 oil and gas with about 9000 barrels a day. 11.7% distribution. Good management. Good acquisitions this year and he would like to see them consolidated.
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50/50 oil and gas with about 9000 barrels a day. 11.7% distribution. Good management. Good acquisitions this year and he would like to see them consolidated.
BUY
BUY
September 30, 2009
(Market Call Minute.) Sustainable distribution. Well run.
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Zargon Oil & Gas Ltd (ZAR-T)
September 30, 2009
(Market Call Minute.) Sustainable distribution. Well run.
PAST TOP PICK
PAST TOP PICK
September 18, 2009
(A Top Pick Sept 2/08. Up 0.49%.) Made a couple of acquisitions recently that he likes.
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Zargon Oil & Gas Ltd (ZAR-T)
September 18, 2009
(A Top Pick Sept 2/08. Up 0.49%.) Made a couple of acquisitions recently that he likes.
HOLD
HOLD
September 14, 2009
(Market Call Minute.) Just acquired one of her junior companies and she intends to take the shares and hold.
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Zargon Oil & Gas Ltd (ZAR-T)
September 14, 2009
(Market Call Minute.) Just acquired one of her junior companies and she intends to take the shares and hold.
PAST TOP PICK
PAST TOP PICK
August 11, 2009
(A Top Pick July 18/08. Down 19.86%.) Likes the company. Well run. Recently made an acquisition of Churchill Energy.
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(A Top Pick July 18/08. Down 19.86%.) Likes the company. Well run. Recently made an acquisition of Churchill Energy.
BUY
BUY
July 31, 2009
A meat and potatoes oil/gas type of company. Great management. Have tax pools they can use when they incorporate in 2011.
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A meat and potatoes oil/gas type of company. Great management. Have tax pools they can use when they incorporate in 2011.
PAST TOP PICK
PAST TOP PICK
May 26, 2009
(A Top Pick Apr 28/08. Down 29%.) Bullish on oil and could see gas at $6 in 8 months. Undervalued versus other royalty trusts. Still a Buy.
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(A Top Pick Apr 28/08. Down 29%.) Bullish on oil and could see gas at $6 in 8 months. Undervalued versus other royalty trusts. Still a Buy.
VAGUE
VAGUE
April 27, 2009
Recently made an acquisition (masters), which was a cheap acquisition. Payout ratio in this environment is safe.
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Recently made an acquisition (masters), which was a cheap acquisition. Payout ratio in this environment is safe.
BUY
BUY
March 25, 2009
Equally weighted between oil and natural gas. Recently made a number of small acquisitions. Low debt and low payout ratio. Also hedged against lower commodity prices. Distributions should be safe.
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Equally weighted between oil and natural gas. Recently made a number of small acquisitions. Low debt and low payout ratio. Also hedged against lower commodity prices. Distributions should be safe.
BUY
BUY
March 6, 2009
Oil/gas. Fairly small cap and fairly defensively positioned. Reasonable payout ratio at about 85%. Yield a 16%.
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Oil/gas. Fairly small cap and fairly defensively positioned. Reasonable payout ratio at about 85%. Yield a 16%.
PARTIAL BUY
PARTIAL BUY
February 10, 2009
Have done phenomenally well. Strategy wise, he doesn't know if gas today is a low. There are technical reasons why it could sit at the current level for the better half of this year. Thinks this is one of the companies that will come of it so you could nibble away at it.
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Have done phenomenally well. Strategy wise, he doesn't know if gas today is a low. There are technical reasons why it could sit at the current level for the better half of this year. Thinks this is one of the companies that will come of it so you could nibble away at it.
PAST TOP PICK
PAST TOP PICK
February 6, 2009
(A Top Pick Jan 29/08. Down 12.6%.) Will probably see a relatively stable level of distributions. Assuming there is an improvement in the capital/credit markets; you could see a take-out at a 25%-30% premium.
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(A Top Pick Jan 29/08. Down 12.6%.) Will probably see a relatively stable level of distributions. Assuming there is an improvement in the capital/credit markets; you could see a take-out at a 25%-30% premium.
TOP PICK
TOP PICK
January 6, 2009
Conservative management team. About a 35% payout ratio giving a lot of flexibility in maintaining distributions..
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Conservative management team. About a 35% payout ratio giving a lot of flexibility in maintaining distributions..
PAST TOP PICK
PAST TOP PICK
November 13, 2008
(A Top Pick Jan 29/08. Down 22%.) Producing less than 10,000 BOE's a day. Management owns 10%. Very conservatively run. Low payout ratio. Did not cut their dividend. Debt to cash flow is less than 1 X.
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(A Top Pick Jan 29/08. Down 22%.) Producing less than 10,000 BOE's a day. Management owns 10%. Very conservatively run. Low payout ratio. Did not cut their dividend. Debt to cash flow is less than 1 X.
PAST TOP PICK
PAST TOP PICK
October 29, 2008
(A Top Pick Apr 28/08. Down 34%.) Trading at a multiple below its peers. Low leverage. Could still be acquired so he still likes it.
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(A Top Pick Apr 28/08. Down 34%.) Trading at a multiple below its peers. Low leverage. Could still be acquired so he still likes it.
TOP PICK
TOP PICK
September 2, 2008
Very low debt. Trades at about 60% of its net asset value. Very undervalued. Very solid, conservative management.
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Very low debt. Trades at about 60% of its net asset value. Very undervalued. Very solid, conservative management.
TOP PICK
TOP PICK
July 18, 2008
Low debt and low payout ratio. Kind of ignored by the market and, as a result, a takeover target. Good possibility they will have to increase their distribution in the near future. Some very attractive assets.
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Low debt and low payout ratio. Kind of ignored by the market and, as a result, a takeover target. Good possibility they will have to increase their distribution in the near future. Some very attractive assets.
TOP PICK
TOP PICK
April 28, 2008
55% natural gas and 45% oil. Great management team. Very stable pools of oil/gas. Missed production over the last couple of quarters so the stock has been penalized. Comfortable that they have right sized it. Lower debt than the average royalty trust. Very low payout ratio. Because of oil/gas prices, they may increase distributions or pay a special one. Perfect acquisition target for another royalty trust.
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55% natural gas and 45% oil. Great management team. Very stable pools of oil/gas. Missed production over the last couple of quarters so the stock has been penalized. Comfortable that they have right sized it. Lower debt than the average royalty trust. Very low payout ratio. Because of oil/gas prices, they may increase distributions or pay a special one. Perfect acquisition target for another royalty trust.
TOP PICK
TOP PICK
January 29, 2008
Gas weighted. Relatively small but very conservative management team. Acquired Rival Energy last year. Low payout ratio.
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Gas weighted. Relatively small but very conservative management team. Acquired Rival Energy last year. Low payout ratio.
PAST TOP PICK
PAST TOP PICK
January 22, 2008
(A Top Pick Feb 23/07. Down 11.7% including distributions.) Small energy trust evenly weighted between gas and oil. Very conservatively managed. After about 4 years, management finally did an acquisition, so are now up to about 9500 barrels a day. 10% yield.
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(A Top Pick Feb 23/07. Down 11.7% including distributions.) Small energy trust evenly weighted between gas and oil. Very conservatively managed. After about 4 years, management finally did an acquisition, so are now up to about 9500 barrels a day. 10% yield.
COMMENT
COMMENT
December 5, 2007
Just acquired Rival Energy (RGY.V-X) giving them a little more oil. Conservative management. Have a lot of good prospects. Would Buy or Hold.
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Just acquired Rival Energy (RGY.V-X) giving them a little more oil. Conservative management. Have a lot of good prospects. Would Buy or Hold.
TOP PICK
TOP PICK
February 23, 2007
A mid-cap oil/gas trust. Current production around 8400 barrels. About 55% natural gas and 45% oil. Conservative management with a 45% basic payout ratio. Trades at about 5.8 X price to cash flow. Good position to do acquisitions.
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A mid-cap oil/gas trust. Current production around 8400 barrels. About 55% natural gas and 45% oil. Conservative management with a 45% basic payout ratio. Trades at about 5.8 X price to cash flow. Good position to do acquisitions.
BUY
BUY
November 17, 2006
Has a lot of capacity internally to keep growing. But management team. Inexpensive. Not a high yield compared to others, but a great name.
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Has a lot of capacity internally to keep growing. But management team. Inexpensive. Not a high yield compared to others, but a great name.
BUY
BUY
August 4, 2006
Very solid name, particularly if you are concerned about downside risk on the commodity. Makes very few acquisitions but relies on their own development skills. Conservative balance sheet. Low operating costs.
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Very solid name, particularly if you are concerned about downside risk on the commodity. Makes very few acquisitions but relies on their own development skills. Conservative balance sheet. Low operating costs.
BUY
BUY
June 16, 2006
1st quarter was down. Looks like the 2nd quarter is going to be reasonable, down slightly, which is typical for the sector. Likes this one.
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1st quarter was down. Looks like the 2nd quarter is going to be reasonable, down slightly, which is typical for the sector. Likes this one.
PAST TOP PICK
PAST TOP PICK
September 2, 2005
(A Top Pick Apr 29/05 Up 38%.) Small producer. Great management. Increasing on a nice steady basis. Referred as a "grinder". Doing a great job. Payout ratio is one of the lowest in the sector.
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