OTCPK:AETLF - Post by User
Post by
TOCATon Jun 14, 2013 1:05am
296 Views
Post# 21524116
OIL PRICE IS GREAT!!!
OIL PRICE IS GREAT!!! Arsenal being mostly oil benefits more from the tightening differential. The Bakken only $7-8 discount and WCS at about $15.00 off Edmonton par. This provides Arsenal with more than enough cash flow to cover heavy drilling expenses. I'm not sure what they have in the second half but they are incurring great expenses now in the Bakken which is no problem with the current cash flow.