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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > What's going on?
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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 LongoGlueStick on May 21, 2013 6:23pm
I don't know other than the market doesn't like the debt level.  I got my proxy and voted either "No" or "withhold" because I am not happy about this situation.  I bought in at 1.25 and now it is .55 and falling...  More than half my money gone in  5 months.  Management isn't doing a good job at communicating with investors.,   ...more  
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 barneymillar on May 22, 2013 10:43am
You are not being realistic. ARN like any public company reports results at the required reporting period which for Q1 will be in the next day or two. With the volumes of stock being sold and bought the stock is being manipulated and I doubt that is by management. Management is responsible for the operating results which will be in the quarterly release. Op costs, G&A reserves added are the ...more  
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.
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