OTCPK:AETLF - Post by User
Comment by
Bobwinson Nov 11, 2009 5:42pm
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Post# 16477121
RE: RE: RE: Q3 Results
RE: RE: RE: Q3 ResultsWith energy companies, you have to focus on cashflow not net profits. Cashflow is what pays for debt reductions and drilling expenses. Arsenal has done a nice job of reducing debt by almost 1/2 in just a year. The GEOCAN purchase was cheap and once they get the debt under control, it will likely be a very positive acquisition over time. Mgmt appears very competent to me and is headed in the right direction.