Arcan Resources Ltd ARNBF

$2+ Here We Come...

[mombasa1]

I can see this quickly turning into a heated bidding war for Arcan's assets once their waterflood program begins kicking into high gear.

Both PBN and CPG have stated they hold a significant positions in Arcan for 'Investment purposes only'.  C'mon who are they trying to Kid?  Since when has anybody last heard of mid-large size energy companies buying up junior's stock for Investment Purposes?  In my experience that hardly ever happens.  

So don't buy for a second what PBN and CPG are trying to sell here.  They are really positioning themselves to make Arcan a takeover offer in the not too distant future.

This has got to be a best-case scenario unfolding for Arcan shareholders.

I say Let the Bidding Begin!

[cookster9]

This post has been removed in accordance with Community Policy

[onad77]

I totally agree with mombasa. $2 plus for sure. All of senior mgmt's (and the board) current options are at $1.33. They would not agree to let it go for anything less than $2.

[onad77]

Totally makes sense cookster....shareholders will agree to sell their shares for $1 in a company that is currently trading for $1.25....haha. Nice try buddy.....you better start covering your short positions....