Arcan Resources Ltd ARNBF

Want $90 oil?

[tire9]

Price now=  US $82.50
Canadian dollar 96 cent compared to US $

BMO forecasts Canadian dollar to slip to 93 cents US by end of the year

$90 for Canadian  oil.

This from Yahoo home page. Why haven't the brilliant analysts told us this yet?

Maybe the price of ARN will still hit on $9.00 next year. They have lots of cash for production increase.

[teevee]

Sadly, the market doesn't believe ARN can execute. As a result, ARN is now a "show me" stock. I believe the share price will now lag production increases. The 2011 exit rate was set low for good reasons. 

[tire9]

Yes, how can they execute with all the trucking. I think roads, pipelines and batteries are being upgraded as fast as possible. Lots of trucking with oil producing, fracs, drilling and lifting equip. Shortage of compitent workers. A lot of investors don't like the Van. exchange.