OTCPK:ARNBF - Post by User
Comment by
prospect_93on Mar 13, 2010 2:38pm
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Post# 16879941
RE: RE: $30 to $70 take out price
RE: RE: $30 to $70 take out priceopg210, thanks for the insight. There were additional costs to factor in. I guess the bottom line is that we will be riding a bull until oil prices head south.
The next three wells that are being drilled are stick handling through proven vertical producers. Chances are very low that the next three will not work with a nice HCl frac. If you do not believe me talk to your friendly neighborhood geologist.
I like this resource play is better than the Cardium, Bakken and Viking horizontal plays. Nice premium crude at high rates.
All stocks can be bandwagons at times, but the play these guys are working is pretty safe in the near term bandwagon or not. (unless oil prices go down, which is unlikely to happen in the spring).
Looking forward to a take out by Pengrowth, Daylight or another un-named outfit.
Your turn bashers! Sell and run for your lives! Ahhhhhh!