OTCPK:ARNBF - Post by User
Comment by
LongoGlueStickon Dec 06, 2012 7:11pm
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Post# 20695423
RE: RE: It's just a matter of time, and how much.
RE: RE: It's just a matter of time, and how much. Since Petrobakken bought a little while back, it put ARN into play as a takeover candidate. Obviously CPG saw value at $5 so now the question is will they let this asset go at this cheap price or are they going to fight Petrobakken for it. Petrobakken got in at .89 so I bet the people at CPG are p-ssed about this. I know that the debt is high but it is the reserves that they want.