Arrow Exploration Corp CSTPF

AXL

[deet]

Very encouraging year-end reserves and operational update. For the nervous nelly that just sold 40,000 shares for peanuts...don't let the door hit you on the way out. LOL

https://stockhouse.com/news/press-releases/2024/03/28/arrow-exploration-corp-2023-year-end-reserves-and-operations-update

[EagleHasLanded]

It's clearly an overreaction. Down 10% is way too much. It will soon be up to 40 cents +

[deet]

I'm surprised it's down at all. I thought today's news was excellent.

[deet]

I think someone mistakenly put in a market sell order instead of entering a limit price. Down 10% on a measly 40,000 shares right at the opening bell?

[EagleHasLanded]

NPV10 values 2P reserves at 280 million dollars, it equates to 98 cents per share. Ppl don't get the value!

[Greyballs]

After all the spending in 2023, PDP reserves went down folks!  They conveniently left out the PDP recycle ratio. This and lower than expected production is why the selling. Arrow and its parent Canacol are worst performance of the week and share a common theme on  no PDP value add.  Whats more is the market is crushing Canacol bonds after Fitch had a negative outlook on YE report.&

[deet]

And with all the geopolitical uncertainty in the Middle East, oil prices can skyrocket overnight...at any time. My opinion only, of couse.