OTCPK:ARNBF - Post by User
Post by
mombasa1on Dec 03, 2012 12:40pm
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Post# 20675778
$2+ Here We Come...
$2+ Here We Come...
I can see this quickly turning into a heated bidding war for Arcan's assets once their waterflood program begins kicking into high gear.
Both PBN and CPG have stated they hold a significant positions in Arcan for 'Investment purposes only'. C'mon who are they trying to Kid? Since when has anybody last heard of mid-large size energy companies buying up junior's stock for Investment Purposes? In my experience that hardly ever happens.
So don't buy for a second what PBN and CPG are trying to sell here. They are really positioning themselves to make Arcan a takeover offer in the not too distant future.
This has got to be a best-case scenario unfolding for Arcan shareholders.
I say Let the Bidding Begin!