OTCPK:AETLF - Post by User
Post by
ufoolmeon Sep 13, 2016 11:16am
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Post# 25231540
where will they trade
where will they tradeThat is a good question with no easy answer. Given Arsenal.s decline rates,
I would expect they will not produce the predicted 4000 bbl per day that they claim.
Something in then area of 3700 to 3800 is more likely.
I am not certain when PPR will release their first financials and MD&A of the combined
company, so I will be staying away from it completely until they do.
My suspicion is that it will open around 1.15 to 1.25 range. Recall that Arsenal once had production around 4000 bbls per day, and traded around 6.00. But the new company has 100,000,000 shares outstanding, versus the 20 million or so that Arsenal had. So 20% of 6.00 is about 1.20.