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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Bullboard Posts
Post by islander01on Apr 06, 2011 11:43pm
443 Views
Post# 18397154

Latest release

Latest releaseso this stresses reserves and plays down production….makes sense….go with your strength….they say 5000 by year end; I estimated 6000….given current production of 3000 down from year end of 4000….in fact that is the difference between us as I thought they could maintain it….so I would go with the 5000…clearly the bottom drops out of the production without waterflood ….also they are hedged mostly up to $100 so big jumps in oil price wont help them much this year….again the new world of tight oil and a new reality…. great company with high oil prices …. they can always drill more holes
Bullboard Posts