OTCPK:ARNBF - Post Discussion
Post by
iaminvestor on Jan 03, 2013 3:34pm
NEW BULLISH Article about ARN, SCS
Motley Fool folks release FOR THE FIRST TIME a bullish article about ARN and SCS today. It is at the headlines of ARN.V, BNE.TO and LEG.TO in Yahoo/finance
https://beta.fool.com/traderinvestor70/2013/01/03/enbridge-projects-will-cure-these-canadian-oil-pro/20124/?ticker=LEG&source=eogyholnk0000001
"Arcan is one of the two junior oil producers of the last oil-rich formation in North America: the Beaverhill Lake formation in Canada".
Second Wave Petroleum (TSX: SCS) is the second junior oil producer in the oil-rich Beaverhill and it is worth noting that Second Wave is way more undervalued than Arcan as it trades for only $65,000/boepd (75% oil and liquids) currently at $0.55/share.
After the big drilling success of H1 2012, I also expect the 2P Reserves of Second Wave Petroleum to rise from 11 MMboe (Dec 2011) to 15 MMboe (or higher) in early 2013 once the new Reserves report is released.
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