OTCPK:ARNBF - Post by User
Comment by
skeksison Apr 18, 2014 12:56pm
357 Views
Post# 22467585
RE:Presentation
RE:PresentationOn the plus side, I am very encouraged by the four Q1 wells they drilled both for their low cost and the high 2P reserves added per well. The economics look fantastic.
I wish they were not losing so much cash flow to interest payments. They could achieve a fantastic ROI for the company by buying back the debentures on the open market. I think the high yield of the debs is scaring people away from the common.
I also wish that, as an individual US investor, there was a brokerage that allowed me to purchase those debentures as it would make me a lot more comfortable holding the common in case they choose to convert the debs to shares when they come due in 2016.