Arcan Resources Ltd ARNBF

RE: Waterflood effect must be kicking in

[skeksis]

I think the major contributing factor today is that WTI futures are up close to $1.  Arcan's operating netback was $38 last quarter, so each $1 rise in oil prices increases their cash flow by ~2%, and since 3/4 of the enterprise value is in the debt, there should be a disproportionate rise in the market cap as the cash flow outlook improves.

I sure hope it's not data about the waterflood response leaking to privileged market participants.