Arcan Resources Ltd ARNBF

Oil Drop Hits Canadian Industry From Arcan to Talisman

[mathwhiz]

https://www.bloomberg.com/news/2014-10-15/oil-drop-hits-canadian-industry-from-arcan-to-talisman.html My favorite bit from this whole read:"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. “We are definitely carrying our fair share of debt,” Penner said. " 'Carrying our fair share of debt', wins Penner the award for understatement of the year. 'Expects oil prices to rise to $130 a barrel within 18 months', wins him the imbecile of the year! And we wonder why they are a penny stock?