Arcan Resources Ltd ARNBF

current market transactions valuation

[teevee]

Recent deals are being done at about $60-70K/flowing barrel. Using that metric, minus debentures and bank debt, ARN would be fully valued at about $2.25/share. I would say ARN is looking like a very long term hold for anyone who continues to own the stock. If there is such a thing as a reserves or resource value trap, this is it.

[retiredcf]

Given your earlier comment that ARN's price might dip below $3.00, I can't say I'm surprised at this response. You might want to cover that short position now. GLTA

[avonbob]

The market is telling Arcan management needs to go...great.asset but poorly managed...call there and ask the CEO some hard questions and you'll get some pretty uninformed answers....oil is above $100 and the stock is tanking...

[truck8256]

Why don't you tell us the hard questions you asked??? Save us the hassle. Assuming the CEO would actually take your call.

[avonbob]

2012 was to be a year of growth on the considerable Arcan asset base but that plan has changed. Management should have leveraged and positioned the company awhile ago to have the funds to grow productuion drilling with 3 to 4 rigs but 2012 will be a flat production year one to two rigs running hence the market saying someone else should be running this..now 2013 is the big year same old