OTCPK:ARNBF - Post by User
Comment by
hardeeharon Aug 19, 2012 11:57am
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Post# 20235071
RE: That's enough for me!
RE: That's enough for me! No problem with your calcs Skeksis. I was a bit confused over the $300 million net debt number vs. the bank debt + debentures.
If they had learned anything about missed targets Arcan would be wise to understate guidance going forward and the 4500 -5000 bbl/d numbers they announced would be deemed 'safe' or at least conservative.
IMO even though they are currently choking in debt, I agree that with some discipline and a bit of luck Arcan can and will pull themselves out of it. The SP should show continued strength as the overall picture becomes clearer. I've got my fingers crossed for a recovery in the $2.50 range near term, and potentially over $3 should the junior O&G markets come back in favor in the fall.