OTCPK:ARNBF - Post by User
Post by
tire9on Jan 28, 2011 11:50am
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Post# 18040645
25 to 40%
25 to 40%Buying on the way down as I forecast that ARN will increase their net worth from production in a range of 25 to 40% per year for the next 7 to 10 years. They will just keep drilling DUAL-HZ- MULI-FRAC wells and getting better at it at the same time. Smart to do an attractive conv debenture financing @ 6.25%. It was sold out in about an hour, with Pengrowth probably buying about 50%. Some that bought in the financing are now dumping shares that they already have made big money on.