OTCPK:ARNBF - Post by User
Post by
rainofstockson Aug 30, 2012 1:53pm
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Post# 20280541
HIGH DEBT
HIGH DEBT Arcan has high long term debt that includes both convertibles and bank debt.
This makes its enterprise value (cap + long term debt) to be very high ...it also limits its future growth...
I know the pps has dropped but the Company still trade for almost 100K $/boepd at the current pps of 1,50 $. This is not cheap folks .