Strategy
WesternZagros continues to move forward on its growth strategy for exploration and development of its PSC Lands in the Kurdistan Region of Iraq. WesternZagros's objective is to be recognized, through consistently superior business performance and operations excellence, as one of the leading junior oil and gas companies active in Iraq. The Corporation is committed to apply the lessons learned from its operations and from operations occurring elsewhere within the Kurdistan Region to improve its operating performance. The Corporation is committed to operating in Iraq in a safe and secure manner. In executing its strategy, WesternZagros has made it a priority to recruit and retain local personnel and to actively participate in, and contribute to, community development projects. WesternZagros believes it has developed a relationship with government authorities, local communities and the business community in the Kurdistan Region that has enabled access to opportunities and to facilitate the cooperation needed to successfully execute projects.
This is major news considering you can buy the stock under 1 dollar..Go WESTERNZARGOS!!!!
Please don't fall into the same trap as the dinar holders. Just becaue it's cheap doesn't make it a great buy. It very well could be great buy, but tell me what the market cap is? What's the p/e? Price per share is totally meaningless without knowing a few other things.
Stew I think you have it wrong about WESTERNZARGOS....THE PE IS 42.3 TO LEARN MORE VISIT http://www.macroaxis.com/invest/market/WZR.V--technical--WesternZagros_Resources_Ltd
Not sure how I’m wrong since I didn’t really make any kind of claim.
From your link….
WesternZagro Price to Earning
Based on latest financial disclosure the price to earning indicator of WesternZagros Resources Ltd. is roughly 42.5 times. This is 97.67% higher than that of Basic Materials sector, and 85.59% higher than that of Independent Oil and Gas industry, The Price to Earning for all stocks is 103.74% lower than the firm.
Just my opinion, but that reads like they are bit over priced.
I haven’t followed this too closely. But aren’t these contracts between the Kurds and WZ frowned upon by the Iraqi government? I believe the Central Gov in Baghdad claims they have the sole right to negotiate contracts and export oil and gas