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Altima Energy Inc V.ARH

Alternate Symbol(s):  ARSLF

Altima Energy Inc., formerly Altima Resources Ltd., is a Canada-based junior energy company. The Company is engaged in exploring and developing oil and natural gas assets in Western Canada. The Company focuses on acquiring undervalued oil and gas assets. It is focused on developing and exploring in regions, such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta. Its assets are located in both Central Alberta and Northwest Alberta and provides a balanced mix of light oil and sweet natural gas. The Central Alberta site focuses on light oil extraction and covers an area of approximately 5,920.5 acres. Its Northwest Alberta site focuses on sweet natural gas and covers an area of approximately 3,840 acres. It also owns an additional area of approximately 800 acres.


TSXV:ARH - Post by User

Bullboard Posts
Comment by kenbull1on Jan 04, 2011 10:10pm
294 Views
Post# 17925423

RE: Where's Kenbullshit these days?

RE: Where's Kenbullshit these days?Good luck to you Quixy, you'll need it. At least you don't have to worry about a shortage in the class department. Keep guessing, you're good at it.

Nothing fundamentally has changed with Altima's properties, ONE functioning well or management. What you and I will see here is a pump on the speculation that oil is going to go to $130 a barrel and a subsequent rise in the price of Nat Gas. Make no mistake here, Altima is a gas company and is surrounded by big plays but that isn't new information either. What is new here is that the shares and warrants just issued @ a nickel need to be sold for more than that, there are a few folks who are in to this project for millions including those that bailed this company out from certain oblivion only a few short months ago. 10M or so shares traded here in the last week and a three cent increase in price does not spell juggernaut. Let's get some of the fundamental questions out of the way: What has changed? Who is going to pay for the incomplete road to tie-in future wells? Who is going to pay for additional drilling? What happened with the farm-out agreement and who are the "new" players at Altima?
 
Just for kicks I might buy-in here, it looks like the facts are not going to stand in the way of .10 or so cents and I don't have to like a company or it's management or it's track record to make 30-40%.

Good luck to all.

Bullboard Posts