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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 Jun 07, 2011 12:21am
297 Views
Post# 18679112

RE: RE: RE: positive on nat gas still ...

RE: RE: RE: positive on nat gas still ...Maybe I am wrong but I have not seen anywhere that ARH has sold 80,000,000 shares for a nickel. I believe they have 80,000,000 shares for sale at a nickel. The other thing is I don't understand how ARH is "a steal" when these shares are for sale and more importantly there are 50% more shares out than last week and ARH was trading at a market value of a nickel then. It is also confusing to me how this massive dilution can give any shareholders in ARH any real security. What if these shares are not "snapped up"? There was no push to own ARH before the dilution why now? I think in the near-to-who-know's-where-term it is hard to create a scenario that involoves an upside. Where is it going to come from and why would that upside appear now?

To me it feels like the score is 5-4, it is the bottom of the ninth, the number nine hitter is at the plate and the coach is signalling to hit it over the fence.
Bullboard Posts