OTCPK:ARNBF - Post by User
Comment by
hardeeharon Dec 19, 2014 12:47pm
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Post# 23249436
RE:Aspenleaf deal back on....
RE:Aspenleaf deal back on....Well then Aspenleaf is going to have to come up with a better offer to appease the DB holders. I think the shareholders like myself would be relieved to kiss Arcan goodbye at 50 cents.
This move up only needed 200k shares to happen. Just goes to show investors are not jumping ship. I'm hanging on too to see what happens. Arcan's significantly hedged the majority of their production at $80+ over the next 2 years - that has to be a BIG attraction for Aspenleaf who looks determined to take a stake in the WCSB. I wonder if their latest wells they drilled are triggering this move too?
Heck, I may even take a flyer and scoop up a few thousand shares at sub-.20 prices. I'm not proud.