Arcan Resources Ltd ARNBF

Takeover candidate ? Nope

[good40]

I don't think any major oil company would prefer to acquire assets for $8 per share when they could previously have acquired for $4 per share.  So what are they waiting for ?

The economics suggest that yearly average production increased by roughly 1200 bbls/day to 3500 bopd after having spent
$225 million over the same time period.  What is it,  that would interest a major oil company ?

[good40]

I guess if you go by the rating beside my last post,  there are those that figure a takeover by a majorwould be done at a higher price.  Probably the majors haven't noticed the upside from a $500 million market cap,  when everyone else knows that production is going to magically multiply,  with hardly any expense. Now that sort of thing doesn't happen very often... but