Q: I bought some Zargon debentures as a speculation under $50 and they have had a good run with the news of an asset sale. Assuming the sale closes and net debt is down to $35 million do you think the debentures should be held to redemption next year or does the remaining risk favor cashing in now.
Also, does Toscana's sale of 6% of their production to reduce their debt by about 20% improve the prospects of that company's debentures enough to consider them?
Thanks, Jason
Also, does Toscana's sale of 6% of their production to reduce their debt by about 20% improve the prospects of that company's debentures enough to consider them?
Thanks, Jason
Q: Nobody talks about this Sprott company. No analyst covers it. Very thinly traded.
Is it cheaper or more expensive than other energy company? Is it more in oil or gas? How is management?
Is the debenture safe? Yields 6.75 on par but trades at about 71. Giving effective yield of 9.4% and almost 30% with capital gain with maturity at 6/30/2018.
Is it cheaper or more expensive than other energy company? Is it more in oil or gas? How is management?
Is the debenture safe? Yields 6.75 on par but trades at about 71. Giving effective yield of 9.4% and almost 30% with capital gain with maturity at 6/30/2018.
Q: I'd like your opinion on the Toscana 2018 debentures and the company in general.
Thanks, Jason
Thanks, Jason