RE: RE: RE: What's Up???? Irrational market behavior is common given all the uncertainty out there.
Fear is the overriding investor sentiment nowadays, making juniors like Arcan vulnerable.
And with oil being highly sensitive to global economic conditions - that just compounds the negativity.
But with risk comes opportunity. IMO oil prices have bottomed and will rebound back to the $100 range by EOY. We are into summer driving season in NA & lots of gas-guzzing motorhomes are on the road.
My bet is that we've also seen the low point of Arcan, and the oil plays in general are past the bottom of their cycle.
Its all upwards from here...touch wood.