OTCPK:ARNBF - Post by User
Comment by
mombasa1on Nov 02, 2012 1:30am
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Post# 20553493
The Price Action on the stock
The Price Action on the stock Shows feigning weakness only to recover at EOD. A bullish sign.
IMO It says there's still a whole lot of tree-shaking going on.
I agree with hardeeboy if no news by early next week then it's Q3 report Nov. 22.
Also get the feeling certain players are taking advantage of all the uncertainty and loading up on shares.
What if they are delaying the release of news on purpose?
I know it's a stretch but what if those 3-4 injectors at DM2 & Ethel are showing similar Production responses on adjacent wells as Pinecrest had reported? They were seeing flow rates improve up to 4 times on wells that had been pressure depleted. Even a 2x flow response would be enough to turn things around for Arcan. They Throw in a few more injectors and before you know it Arcan becomes the turnaround story of the year!