Arcan Resources Ltd ARNBF

Nothing has changed

[rookieoilinvestor]

Hey Everyone,

 

Can't find anything to say that something has changed at Arcan. In fact, I see some insider buying over the last couple of months, and those haven't sold their positions...even when it rose to $1.50! Crescent point is a large cap that needs more new production to keep pace. Arcan screwed up by spending too much money on the infrastructure too soon. However, with levels moving up over 5,000 this year and an infrastructure in place to get the oil out, Crescent point will bite.... Only Arcan and Second wave in the area with high level of potentil acreage to tap. Second wave is probably too small for Crescent point. Looking at the tax pool alone for Arcan, Crescent point could pay $1.50 and not even bat an eye! That scenario seems to be inline with most of the banks that pegged this between$1.30-$1.80...before the farm in!!

[puntabeach]

ARN and SCS have done all the hard work....derisking  and  infrastructure... Now that things move more smoothly  and  in a  more  predictable  way, CPG  will  have  to  raise its  offer. SCS  is  even  more  undervalued   than   ARN   and  its  2P  reserves  will  be  

[NightowI]

This post has been removed in accordance with Community Policy

[letraline]

Nightowl you do not understand the farm-out concept. Arcan operates the wells and property and pays 20% of the cost while Petrobakken pays 80% of the costs. Arcan retains roughly 50% working interest after Petrobakken has met their committments. ARN is using 20 cent dollars to develope their lands which is very financially efficient. As these wells must be drilled in the winter season you should