Arcan Resources Ltd ARNBF

Arcan Poised to Break thru .50

[mombasa1]

The chart looks like Arcan stock is ready to continue on its uptrend.

I'm really liking those well performance numbers.  If LTS is sharing completion info with Arcan that says a lot about LTS's intention to take them over IMO.

[nlr2]

I don't know if they really want to but with the farm in agreement they would have to basically. I do think that if LTS is smart they would buy out Arcan. It makes so much sense, maybe too much sense for it to actually happen.

[nlr2]

Mombasa, I have changed my mind and I agree with you that LTS will buy Arcan. Lightstream currently has two packages for sale. One covers their East Pembina assets the other is 4000 boe/d in Southern Saskatchewan and Manitoba. These two packages, especially the Sask one, should fetch a significant amount of money. With Lightstreams share price going up they could use shares to acquire the 83% of

[LongoGlueStick]

How much do you think Lightstream would offer for Arcan? Would CPG even tender their shares, that they own around $5?

[nlr2]

I have no idea really. I'd hope a buck, but maybe less. The thing is if Arcan can string together an H2 drilling program as strong as the winter one then we should be moving up organically. Especially with the continued expansion of the waterflood. Just at some point something needs to be done to deal with the debt situation. So joining with LTS appears to be a stong possibility.  Swan

[hardeehar]

I think if LTS is going to buy Arcan they should do it sooner than later.  Arcan will only get more valuable as time passes.  With possible help from LTS Arcan may have unlocked the secret behind Swan Hills success as evidenced by those high-perf wells they drilled over winter.  Now combine that success with expanded Waterflood response that gives them a solid production base to