Post by
zeus55 on May 31, 2013 9:18pm
Shares are worthless
Hopefully the debs will get repaid.
Comment by
skeksis on Jun 01, 2013 12:04am
Crescent Point and Lightstream seem to disagree with your assessment about the share value. F&D costs for waterflood are supposed to be $5 to $10 per barrel - if that pans out as expected, there's a lot of upside in the common shares.
Comment by
puntabeach on Jun 04, 2013 3:34am
ARN has been hit because the entire Canadian oil and gas sector has been hard lately. The drop is not related to ARN's operations imo.
Comment by
puntabeach on Jun 04, 2013 3:35am
zeus55, The bank debt can be replaced with convertible notes. This way, ARN will lower its financing costs. Thus, the bank debt is not a big problem although it is not negligible either.