Zion Oil & Fuel Inc Sec Registration
Based on information from MarketBeat.com, Zions Bancorporation, National Association presently has a median rating of “Hold” and a consensus price goal of $71.29. Zion Oil & Gas, Inc., together with its subsidiaries, operates as an oil and gasoline exploration firm in Israel. The company holds a petroleum exploration license onshore Israel, the New Megiddo License 428 comprising an space of approximately ninety nine,000 acres. Zion Oil & Gas, Inc. was incorporated in 2000 and is headquartered in Dallas, Texas. But I think there’s additionally lots of negative externalities and relationships are being forged, which the neighborhood at giant is not all the time aware of, a perfect instance of that being order flow. A lot of the commission-free buying and selling has brought folks like myself and billions of others into this industry.
This buyback authorization authorizes the financial institution to purchase as a lot as zero.5% of its shares via open market purchases. Shares buyback packages are usually a sign that the company’s leadership believes its shares are undervalued. But due to the combination of clueless day-traders and firm promotional press releases, Zion’s stock and market cap has briefly risen from the dead and is presently the highest it has ever been (~$250m market cap). It is our opinion that they’re fully inept oil & gas men/women, they aren’t really making an attempt, or each. We will show it’s each and then you’ll be promoting Zion Oil & Gas stock too.
Zions Bancorporation NA is a financial institution holding firm, which engages in the provision of full banking and associated services. The company is headquartered in Salt Lake City, Utah and at present employs 9,685 full-time employees. The company supplies banking merchandise and associated companies through its roughly 418 branches in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Traditional preferred inventory, trust preferred securities, third-party belief certificates, convertible securities, necessary convertible securities and different exchange-traded fairness and/or debt securities. Criteria and inputs entered, together with the selection to make safety comparisons, are at the sole discretion of the user and are solely for the comfort of the person.
Zacks’ gross sales calculations are a median based on a survey of sell-side research corporations that comply with Zions Bancorporation, National Association. Zion Oil & Gas, Inc. engages in exploration of oil and pure fuel properties. It at present holds one petroleum exploration license onshore Israel and Megiddo-Jezreel. The company was based by John M. Brown in 2000 and is headquartered in Dallas, TX. It holds one petroleum exploration license onshore Israel, the Megiddo-Jezreel license.
Management also excels at issuing shares – Spending money on themselves isn’t the only factor that administration is good at. However, they aren’t fairly so good at producing income. That lease was set to run solnhof reviews out on Dec 2, 2016 until Zion set a date the place they’d “spud” a nicely and also got a drilling companion to signal on.
In our valuation, it’s practically worthless since there isn’t a recognized oil & gas in this area and thus Zion hasn’t drilled any productive oil or fuel wells. The consultants we talked to agreed that another Oil & Gas company would additionally worth a non-productive lease at ~$0 . But for sure, this license offers the only “Hope” for the Believers. Needless to say lots has happened in the oil & gas industry since the 1990s but it appears nobody has knowledgeable Zion Management of a number of the adjustments. One brilliant spot on this inventory market correction is financials, particularly banks and money centers.
(On a side-note, I surprise if Zion would give us a free car too). Apparently, current Board Member Martin M. Van Brauman also authors articles on a non-profit website he runs that promote Zion Oil & Gas’s mission. “Zion – We have heard God is with you” for a non-profit website (Note – on the time he authored that article he was also working for Zion). We’ll leave it up to the others to determine if this amounts to an undisclosed paid inventory promotion. It’s onerous to be a member of a 14-person board especially when the company you are managing employs a grand whole of 23 people . And why would you deliver up your concerns when you’re being paid so properly.
And then the people who have the knowledge are nonetheless in control function. So once I look on this money moves, and if it is on pharmaceutical, bio-pharmaceutical analysis. What you are doing is, you’re serving to with the democratization of that particular a half of the business that is all be quite non-public, and has been very private. More so the latter, it appears so much like typical analyst stories. Zions Bancorporation, National Association introduced that its board has permitted a stock repurchase program on Friday, January 28th that authorizes the corporate to buyback $50.00 million in excellent shares.
If Zion doesn’t find oil with the current drill program – which we’re assured they won’t, then Zion’s Lease expires on December 2, 2017. According to the prospectus, they might probably obtain another extension but that might solely occur after profitable nicely outcomes from this present project (see prospectus pg P-3) At that point… all hope is gone. Enter Daflog SA – 1 week earlier than Zion’s timeline Israel Petroleum Commissioner was up they usually finally discovered a drilling contractor that may work with them.
I’m undecided an investor ought to put religion in their press releases. Bad Science –Horribly outdated dangerous science. The firm solely uses 30-year-old oil exploration strategies + the power of Prayer to justify drilling dry holes (see the essential discussion on 2-D vs. 3-D Oil Exploration). We have painstakingly gone via 10 years of Zion’s annual stories, proxies, and prospectuses so hopefully nobody else ever has to. There are 2 teams of Zion shareholders – “The Believers” & “The Traders” so we will present commentary on our analysis for every group.