OTCPK:ARNBF - Post by User
Comment by
rookieoilinvestoron Apr 24, 2013 3:46pm
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Post# 21296399
RE: All the excuses are getting lame
RE: All the excuses are getting lame Tough to see this stock where it is.... but, time will tell. Institutional buyers won't be in this...too risky for their portfolios. This is a wait and see game. I've made my stake. I still believe that this stock is worth $1.45 - 1.75 in a buyout if not more! They have tax pools of $500 Million and have hedged half of their output... it might be volatile but what would you pay for the asset, debt and tax pools? With farm outs and wells coming online by the end of the year, this stock should be over the $1 mark in late fall.... if oil prices average in the low $90 range, Arcan will look a lot more satble by year end...... High risk high reward scenario......