OTCPK:ARNBF - Post by User
Post by
rookieoilinvestoron Mar 06, 2013 10:13am
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Post# 21086515
Nothing has changed
Nothing has changed Hey Everyone,
Can't find anything to say that something has changed at Arcan. In fact, I see some insider buying over the last couple of months, and those haven't sold their positions...even when it rose to $1.50! Crescent point is a large cap that needs more new production to keep pace. Arcan screwed up by spending too much money on the infrastructure too soon. However, with levels moving up over 5,000 this year and an infrastructure in place to get the oil out, Crescent point will bite.... Only Arcan and Second wave in the area with high level of potentil acreage to tap. Second wave is probably too small for Crescent point. Looking at the tax pool alone for Arcan, Crescent point could pay $1.50 and not even bat an eye! That scenario seems to be inline with most of the banks that pegged this between$1.30-$1.80...before the farm in!!