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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Don't know what to believe anymore--dropzo
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Comment by Ferukon Oct 04, 2012 4:18pm
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Post# 20449263

RE: RE: Don't know what to believe anymore--dropzo

RE: RE: Don't know what to believe anymore--dropzo

Wait, what other smiliar juniors ran themselves into anywhere near this much debt trouble? I track about 12 of them, and if we're gonna compare apples to apples (similar production, high oil weighting), NONE of the ones I watch got themselves into anywhere near as much trouble. If I'm doing my math right, I get a debt/FFO ratio of ~5.5 or higher on my 2013 assumption. Seems disasterous to me.

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