Arcan Resources Ltd ARNBF

RE:RE:RE:Arcan Poised to Break thru .50

[nlr2]

I have no idea really. I'd hope a buck, but maybe less. The thing is if Arcan can string together an H2 drilling program as strong as the winter one then we should be moving up organically. Especially with the continued expansion of the waterflood. Just at some point something needs to be done to deal with the debt situation. So joining with LTS appears to be a stong possibility. 

Swan Hills does not appear to be a focus area for CPG so I imagine they would tender and just write it off. They could potentially sell their Swan Hills assets to LTS or Coral Hils if they are completely over it. However best case scenario is that they are still interested and when Lightstream makes an offer Crescent Point makes a higher, all shares offer. Then it would be up to Lightstream, who needs the acquistion more to pass that. That scenario would make me very happy but seems unlikley.

So to sum it up 0.75-1 dollar if done in 2014. If current oil prices hold and LTS shares go up, and Arcan has a successful close of the year operationally then 1-1.50 in 2015. All speculation though.