OTCPK:ARNBF - Post by User
Comment by
oilnvstron Aug 14, 2012 11:59am
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Post# 20215325
RE: RE: RE: What's Up????
RE: RE: RE: What's Up???? I'm not sure that it makes sense to for CPG to buy Arcan, since so much of the purchase price (60%) will have to be paid out in cash to pay out debt. CPG has a marked preference for trading shares for shares so as to retain cash for drilling. As a result the price CPG will only buy Arcan if they can get it for a steep discount to less leveraged companies currently on the block.
Perhaps RPG? LEG? SCS etc etc.