Zargon Energy
Toronto symbol ZAR.UN, has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota.
Many oil and gas trusts have risen lately, along with oil prices, although natural-gas prices remain near their lows. Even so, these three trusts remain cheap in relation to their forecast 2009 cash flows.
ZARGON ENERGY TRUST $16 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 22.4 million; Market cap: $359.0 million) produces oil and gas in Alberta, Manitoba, …read more »
ZARGON ENERGY TRUST $16 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 22.4 million; Market cap: $359.0 million) produces oil and gas in Alberta, Manitoba, Saskatchewan and North Dakota. Its output is weighted 51% toward natural gas and 49% to oil.
In the three months ended March 31, 2009, Zargon’s production rose 2.2%, to 9,213 barrels of oil equivalent …read more »
Oil and gas trusts are mostly down lately, along with crude oil and natural gas prices.
These three trusts are now cheap in relation to their forecast 2009 cash flows, which are based on those lower oil and gas prices.
ZARGON ENERGY TRUST $14.87 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 18.4 million; Market cap: $274.1 million) has oil …read more »
ZARGON ENERGY TRUST $14.87 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 18.4 million; Market cap: $274.1 million) has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota. Output is weighted 53% toward natural gas and 47% to oil.
In the three months ended September 30, 2008, Zargon’s production rose 9.9%, to 9,340 barrels of oil …read more »
ZARGON ENERGY TRUST $21.75 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264- 9992; www.zargon.ca; Shares outstanding: 18.2 million; Market cap: $395.6 million) has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota. Output is weighted 54% toward gas and 46% to oil.
In the three months ended June 30, 2008, Zargon’s production rose 9.1%, to 9,239 barrels of oil …read more »
Royalty trusts with natural gas exposure are mostly down lately, as higher North American production and lower oil prices have prompted natural gas prices to move down from their highs of $13.50 per million British thermal units in July, to $8.18 U.S. today.
These three royalty trusts are cheap in relation to cash flow, based on the latest quarter. If natural …read more »
ZARGON ENERGY TRUST $22.29 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264- 9992; www.zargon.ca; Shares outstanding: 17.7 million; Market cap: $394.5 million) has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota. Output is weighted 42% toward gas and 58% to oil.
In the three months ended December 31, 2007, Zargon’s cash flow per unit rose 5.2%, to $1.02 …read more »
Royal trusts with natural gas exposure are up lately, as cold weather in North America has prompted natural gas prices to jump 30% so far this year, to $9.75 U.S. per million British thermal units.
No one can consistently predict natural gas prices. Prices are too dependent on the weather and other volatile, unpredictable factors. However, we think that the longer-term …read more »
ZARGON ENERGY TRUST $27.40 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264- 9992; www.zargon.ca; Shares outstanding: 17.0 million; Market cap: $466.2 million) has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota. Output is weighted 56% toward gas and 44% to oil.
In the three months ended June 30, 2007, Zargon reported cash flow per unit of $1.05, down …read more »
ZARGON ENERGY TRUST $27 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Shares outstanding: 16.9 million; Market cap: $457.4 million) has oil and gas production assets in Alberta, B.C., Manitoba and Saskatchewan. Zargon’s production is weighted approximately 55% toward natural gas and 45% to oil.
In the three months ended December 31, 2006, Zargon reported cash flow per unit of $0.98, …read more »
