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News Focus
Coeur Commences Drilling at Silver North's Tim Project (click to learn more)
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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P

Bullboard (OTCPK:ARNBF)

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Comment by perdikaoilgason Jul 30, 2014 12:47pm

RE:RE:RE:RE:RE:RE:RE:FP Article

I think the transaction with Aspenleaf should be expected, given Arcan's high debt. This is the typical end for the heavily indebted companies.
195
Discussion
Comment by jd43xlon Jul 29, 2014 11:49pm

RE:RE:RE:RE:RE:RE:FP Article

I trade debs for ten bucks, so no problem trading at that price.
208
Discussion
Comment by rad10on Jul 29, 2014 12:33pm

RE:RE:RE:RE:RE:FP Article

Fair points JD - but debenture trading is expensive.  I was tempted to press the eject button after the deal was first announced, but I have nowhere better to park the funds.  My brokerage ...more  
280
Discussion
Comment by jd43xlon Jul 29, 2014 12:00am

RE:RE:RE:RE:FP Article

As I replied to rad, that may be the plan. I certainly wouldn't be holding the debentures, as the limited upside is offset by the risk of a lower price after the deal is rejected. But down the ...more  
290
Discussion
Comment by teeveeon Jul 28, 2014 10:42pm

RE:RE:RE:FP Article

JD, If  you are long the debentures, why not sell now and buy back at a much lower price after the deal is voted down? 
193
Discussion
Comment by jd43xlon Jul 28, 2014 7:27pm

RE:RE:FP Article

You make a good point, rad. I might join you in buying those debs.
205
Discussion
Comment by rad10on Jul 28, 2014 6:17pm

RE:FP Article

Hilarious but  true - at the end of the day the assets are around 610 million, the liabiliities are 380 million.  I am happy to load up on these debentures when the proposed deal falls on it ...more  
252
Discussion
Post by mathwhizon Jul 28, 2014 6:11pm

FP Article

https://business.financialpost.com/2014/07/25/arcan-resources-ceo-defends-deal-with-aspenleaf/ My favorite lines from the FP article with McCoy: • But they paid 100 cents a few years back: “You are ...more  
345
Discussion
Comment by jd43xlon Jul 28, 2014 3:46pm

RE:RE:teevee

I am getting the feeling you have been buying common shares, and are lying about not having a position.
202
Discussion
Comment by teeveeon Jul 28, 2014 1:58pm

RE:teevee

If they wanted it, they would have come by now.......and why make an offer if they kill the deal? Why not wait for ARN to deteriorate further, and maybe pick up the pieces in a distress sale, or from ...more  
215
Discussion
Post by jd43xlon Jul 28, 2014 1:17pm

teevee

You are missing something. CPG and/or LTS can kill this deal, then come back with a total buyout offer. If the common shares plummet as you expect, then the shareholders would jump at the chance to ...more  
279
Discussion
Comment by teeveeon Jul 28, 2014 10:40am

RE:RE:RE:teevee

These are opinion boards and I am intrigued by the outcome of the Aspenleaf offer. My opinion is based on my belief that the alternative to Aspenleaf's offer is worse for both shareholders and ...more  
226
Discussion
Comment by jd43xlon Jul 28, 2014 9:38am

RE:RE:teevee

But why are you defending a deal where the common shareholders get money from the debenture holders, if you have no economic interest?
203
Discussion
Comment by teeveeon Jul 27, 2014 11:51pm

RE:teevee

I am retired. I once owned ARN shares, but after they sold debentures to pay for pipelines and roads etc, I sold. Why? First, the acid fracs didn't work as well as hoped for, and second, because ...more  
267
Discussion
Comment by jd43xlon Jul 27, 2014 11:32pm

RE:RE: Shorters?

That explains it.
217
Discussion
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