Good buy for Zargon

ZARGON ENERGY TRUST $19.63 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 23.7 million; Market cap: $465.2 million; Dividend yield: 11.0%) has bought privately held Oakmont Energy for about $9.45 million. The purchase price consists of 336,000 Zargon units, plus Zargon will assume… Read More

Exploration prospects a plus for these two

DELPHI ENERGY $3.18 (Toronto symbol DEE; SI Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 101.2 million; Market cap: $321.8 million; No dividends paid) explores for oil and gas in Alberta and B.C. Natural gas makes up 83% of its daily output.

In the three months ended… Read More

ZARGON ENERGY TRUST $16 – Toronto symbol ZAR.UN

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… Read More

Zargon buys Masters

MASTERS ENERGY, symbol MSY on Toronto, has officially been taken over by ZARGON ENERGY TRUST $15.52 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 20.1 million; Market cap: $311.5 million). Zargon was able to get a majority of Masters’ shareholders to vote in… Read More