RE: RE: can we discuss the real potential of ARW You have a good memory about Bronco. When I learned of that one I made a prediction of $25.00 in 5 years and it was trading at 3.25. It hit $19.95 in 3 years. I was basically out at the $13.00 range from the $3.18 area with my 17,000 shares because they began spitting out bad news. Sure they got up to about 6000 barrels a day, but 5200 of it was water. They could not separate it economically and the stock went back to .25 area and was bought out there I think. It was a nice story and good investment for me.
Anyway, AROWAY is pumping over 75% oil with gas condensated and some gas, they are cash flow positive, they have drill targets being drilled, they are adding fresh drill targets, they have a great joint venture partner who also joined them for ringing the tsx bell opening this weeks trading in Canada, they are surrounded by majors who are valued at more per flowing barrel then Aroway is so they could easily take out Aroway with a positive effect on their balance sheet, insiders own about 25% of the company, oil is trading above $105 a barrel which probably gives Aroway $55-$60 netback so about $14 million year at todays flow rate but probably near $20 million for the year as production increases.
Well I own over 650k shares now and will continue to add as I did this week also when funds are available because Chris Cooper and the management team know what they are doing and have not given any reason to sell any shares up to this point. The real gains are still on the pathway ahead of Aroway as they build to the point of buyout. Use your patience and let the company develop fully. All in my opinion.