OTCPK:ARNBF - Post by User
Post by
rythmanon Aug 22, 2013 1:03pm
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Post# 21690022
Production flat for next quarter
Production flat for next quarterIf anything that will cause a pause on the stock. Current 2nd QTr CFPS is .13 on 4071 BOE. They lowered their capex to 40.6 mil from approx. 52.mil. Production estimated at 3.8-4 BOE. Even though they lowered capex the production was flat, thats not bad, but it's not a catalyst for the stock. The sale of DM # 2 should reduce interest expense, shore up balance sheet and potentially increase processing fees. Is it a good trade off I don't know. Stock currently trading below estimated annual CFPS of .45. Free cash flow expected in 2013 about 4 mil, won't go a long way to reducing debt of 329 mil so hopefully the sale of DM#2 does. Production growth to resume probably in 2014. So it is a wait and see and in this market who has time to wait. IMHO rythman