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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > targets of major brokers re arn
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Post by glimpse1 on Jul 14, 2012 2:18pm

targets of major brokers re arn

PI financial..........$5.00      bmo......$3.50       Paradigm research.......$4.80    td.....$3.50     scotia.....$4.00              ..........all are awaiting @nd qtr figures....pembina pipelines last qtr had to reduce flow rates from many operators,as they were repairing their pipeline.arn elected not to paticipate with a reduced flow..spent big bucks to construct their delivery systems,but will still meet their projected 6-7000 bbls opd by years end...incl no trucking of oil ...pdembina isv now taking 100% of their product,the hedge fund that shorted this co,is now still trying to buy back their shares,and will still try to accumulate a large position ,and when their position is flled,it will be easy to drive this co,substantally higher,and vmake more than the 25 million,they made by forcibly shorting this stock...i have 75k approx shares in diff accts,and will accumulate more if its forced down a bit
Comment by wordless on Jul 14, 2012 6:03pm
CIBC = $4.50   I believe TD reduced its target to $2.50