OTCPK:ARNBF - Post by User
Comment by
barneymillaron May 13, 2013 5:15pm
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Post# 21387144
RE: Nododys buying at 66 pennies
RE: Nododys buying at 66 pennies Thank god that we will be spared the ignorant musings of uptowndog1, Beermug and mathwhiz.
I too am disappointed at the preformance of ARN but it is not a management issue in my view. The market is negative on the junior oil sector and any news is treated negatively. The management at ARN has made mistakes historically but they are now focused on reducing costs and executing their program effectively. Why has PBN allowed ARN to operate the farm-in wells? Every operator in this play has had similar experiences with rising well costs , op costs etc over the last two years. ARN is having success in reducing costs. Give management time , which is at least three quarters to show the results of their efforts. Many people, as noted above, want to cry and point fingers as if that is going to do any good. No one is forcing any shareholder to stay in the stock but at this price level you cannot help but make money as the assett is world class.