Post by
rookieoilinvestor on May 21, 2013 4:04pm
What's going on?
Another article today in "Alberta Oil" talking about the next "plays" and the Swan Hills formation, yet Arcan stock is in a free fall? Any reason why this has now fallen below the 60 cent mark? Nightowl.... I'm starting to lean your way......
Comment by
barneymillar on May 21, 2013 7:00pm
You only realize a loss if you sell. Why would you sell when companies like ARN are being dumped on in the market at this time. No news is treated as a negative. If you believe the article in Alberta Oil then you also realize the value of the assett base.
Comment by
LongoGlueStick on May 21, 2013 7:16pm
I understand that Barney and it makes sense what you are sayin,g but I am afraid they are going to do to Arcan what they did with SCS which is drop the thing to .10 cents a share and then buy it out at .30 which.... Now I am not sure if CPG or PBN would buy Arcan with its massive debt levels...
Comment by
uptowndog1 on May 21, 2013 7:59pm
Well another all time low, this company sucks, well maybe not the company BUT the people in Calgary trying to run it . All they are doing is running it into the ground, 3 months and this will be a .10 stock, i feel sorry for the people that bought this stock when it was over $6.00 a share. ONE direction only for these guys and its down
Comment by
uptowndog1 on May 22, 2013 11:43am
Good luck Barney, i'm not sticking around, hopefully things will change for you, i had the same thing with SCS and took a big bath, lost half of what i put in ARN and don't plan on losing the other half.