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Altima Energy Inc V.ARH

Alternate Symbol(s):  ARSLF

Altima Energy Inc., formerly Altima Resources Ltd., is a Canada-based junior energy company. The Company is engaged in exploring and developing oil and natural gas assets in Western Canada. The Company focuses on acquiring undervalued oil and gas assets. It is focused on developing and exploring in regions, such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta. Its assets are located in both Central Alberta and Northwest Alberta and provides a balanced mix of light oil and sweet natural gas. The Central Alberta site focuses on light oil extraction and covers an area of approximately 5,920.5 acres. Its Northwest Alberta site focuses on sweet natural gas and covers an area of approximately 3,840 acres. It also owns an additional area of approximately 800 acres.


TSXV:ARH - Post by User

Bullboard Posts
Comment by kenbull1on Mar 13, 2014 2:36pm
262 Views
Post# 22319251

RE:What's the real story here?

RE:What's the real story here?Good observation. Although the "story" has changed many times the results have been the same for 6+ years now and the answer you are looking for really turns on what you are hoping for. The SP performance over that period of time demonstrates that if you are OK to wait you can turn .04 into .08 fairly consistently. Recent activity also demonstrates an opportunity for .08 and up but it is never substantiated by the financials and or production. Operating on a shoestring like most junior gas plays and very close to annihilation a few years back, this company has shown an ability to at least stick around. The only variable is that they are due for a 10-1 type roll back as the shares in play will never justify a sustained increase in price.
Bullboard Posts