GREY:SCSZF - Post by User
Post by
diamondloveron Apr 25, 2011 8:24am
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Post# 18481683
ARN
ARNARN has no debt problem at all....they have plenty of cash..over 70 million....plus a nice credit facility that allows them to drill the hell out of their lands. Plus...with oil netting over 100 bucks, the cash flow is fantastic! The reason some of the insiders have sold the debentures, is to buy shares in the open market. IMO, they see a bigger bang in the shares than the debentures. Both SCS and ARN will be gobbled up in time...they both will also make junior mistakes which will fluctuate the stock price. Arcan is a better play....if they hit one well as good as this last SCS well...homerun. I like both...a lot! Good Luck...