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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Bullboard (OTCPK:ARNBF)

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Comment by rad10on Dec 24, 2014 9:36am

RE:RE:RE:NEW ARCAN ARTICLE!!!!!

[/quote Not sure how accurate this quote is - if accurate Arcan does not need to recapitalise. 
Comment by BaystreetBrianon Dec 24, 2014 7:23am

RE:RE:RE:NEW ARCAN ARTICLE!!!!!

disregard that last paragraph
Comment by BaystreetBrianon Dec 24, 2014 7:20am

RE:RE:NEW ARCAN ARTICLE!!!!!

Arcan has protected itself for an oil-price slump with hedging contracts through 2016 and expects oil prices to rise to $130 a barrel within 18 months, President Doug Penner said in a phone interview. ...more  
Comment by righand2on Dec 23, 2014 9:16am

RE:NEW ARCAN ARTICLE!!!!!

Those are the guys getting the special bonus shares, so what would you expect them to say?
Post by BaystreetBrianon Dec 22, 2014 5:04pm

NEW ARCAN ARTICLE!!!!!

https://www.newswire.ca/en/story/1467079/stornoway-portfolio-management-supports-arcan-resources-recapitalization-proposal
Comment by righand2on Dec 22, 2014 11:48am

RE:RE:holy doodle

Looks like I was pretty accurate in my prediction.
Comment by righand2on Dec 21, 2014 8:03am

RE:RE:The offer

And stupid shareholders like you get what you deserve. If you are lucky, the share price will hover around the 15 cent level. But most likely, it falls to 10 or lower. For myself, I sold all of my ...more  
Comment by thedave2006on Dec 20, 2014 11:48pm

RE:RE:The offer

dilution and still loads of debt...and commodity prices still not really sustainable higher or at least stablize. ps. off to taiwan after a great week in beijing and also a week at chung wah factory ...more  
Comment by teeveeon Dec 20, 2014 4:38pm

RE:The offer

If you are fully aware of the debentures, they can be paid with stock in lieu of cash when they come due, so holding out for cash redemption is a pipedream. Debenture holders were either ignorant or ...more  
Post by rockman998on Dec 20, 2014 3:53pm

The offer

I doubt very much whether those owning the debentures will approve this. I suspect the bankers have initiated this in hopes of them becoming the only lenders. The common shares holders have no rights ...more  
Comment by wynneron Dec 20, 2014 3:53pm

RE:RE:Valuati

Try a bid for 8 cents.....see what happens ?......Be patient ...I'll bid 9 and a half.
Comment by vince2001on Dec 20, 2014 3:40pm

RE:Valuati

One question that I have been asking myself is ‘does the market truly value the shares at $.22’ or ‘does the market continue to value current shares at $.07 (which is where it had settled prior to the ...more  
Post by WhileEon Dec 20, 2014 9:50am

Valuati

$1.3billion x .15 is app $200mill mkt cap plus bank debt $160 mil ...$360m  for a co that has infrastructure in place...produces 4000 bbl/day mostly hedged at $90..mkt was valuing co. At .22 ...more  
Post by righand2on Dec 20, 2014 9:14am

Valuation

With the lower oil prices, and 1.3 billion shares outstanding, cash flow per share will be under 2 cents. Considering the high debt levels, the share price could be as low as a 2X multiple. So 4 cents ...more  
Comment by righand2on Dec 20, 2014 9:09am

RE:holy doodle

It will probably fall back below 10 cents on Monday. The debt remains far too high.
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