Altima Energy Inc V.ARH

Alternate Symbol(s): ARSLF

Energy Oil & Gas E&P

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

Altima Energy Inc

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Comment by digger69on Feb 23, 2017 12:02pm

154 Views

Post# 25883414

RE:RE:RE:RE:RE:RE:Is It Worth It?

When you have time check out the company's filings on Sedar it explains the plan moving forward. Consolidation is key for them moving forward its just a question at what price will they consolidate at and what ratio.. They hinted towards wanting a float of 22M shares but didn't say at what price or when.

After following and trading this company for awhile now I've seen the new CEO Joe DeVries purchase several million shares on the open market from .025 up to .06 cents with a huge portion around the.04 - .055 range.

So I ask myself, what price will they settle on to consolidate that is acceptable to the TSX and friends? See how far they can run it up is my best guess...

Who knows for sure but that's the gamble here!

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