Due to a reallocation of resources, we are discontinuing coverage of Zargon Oil & Gas with a Market Perform ranking and $0.75 per share 12-month target price (last effective date - August 16, 2016). Zargon remains in a strategic alternatives process, which has thus far resulted in the disposition of the Company’s Southeast Saskatchewan assets for proceeds of $86.8 mm and Killam, AB assets for proceeds of $4.0 mm. Combined production from these disposed assets was ~1,340 boe/d (91% o
30 Sep 2016
Discontinuing Coverage
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Discontinuing Coverage
- Published:
30 Sep 2016 -
Author:
FirstEnergy Research Team -
Pages:
4
Due to a reallocation of resources, we are discontinuing coverage of Zargon Oil & Gas with a Market Perform ranking and $0.75 per share 12-month target price (last effective date - August 16, 2016). Zargon remains in a strategic alternatives process, which has thus far resulted in the disposition of the Company’s Southeast Saskatchewan assets for proceeds of $86.8 mm and Killam, AB assets for proceeds of $4.0 mm. Combined production from these disposed assets was ~1,340 boe/d (91% o