Second Wave Petroleum Inc SCSZF

Takeovers

[lowe0]

Does anyone think that CPG will take out both ARN and SCS?? Given CPG is the JV partner with SCS and ARN has debt problems it is very possible they will take out both. SCS before the price goes too high and ARN as the price drops due to debt problems.

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Arcan Resources Ltd. (ARN)						As of April 20th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Apr 20/11	Apr 19/11	Penner, Douglas	Direct Ownership	Convertible Debentures Matures Feb 28, 2016	10 - Disposition in the public market	-10,000	$975.000
Apr 20/11	Apr 20/11	Penner, Douglas	Direct Ownership	Convertible Debentures Matures Feb 28, 2016	10 - Disposition in the public market	-99,000	$975.000
Apr 20/11	Apr 18/11	Penner, Douglas	Direct Ownership	Convertible Debentures Matures Feb 28, 2016	10 - Disposition in the public market	-25,000	$985.000
Apr 20/11	Apr 20/11	Penner, Douglas	Direct Ownership	Common Shares	10 - Acquisition in the public market	17,500	$4.025
Apr 20/11	Apr 18/11	Penner, Douglas	Direct Ownership	Common Shares	10 - Acquisition in the public market	17,500	$4.000
Apr 18/11	Apr 14/11	Penner, Douglas	Direct Ownership	Common Shares	10 - Acquisition in the public market	20,000	$4.165
Apr 18/11	Apr 12/11	Penner, Douglas	Direct Ownership	Common Shares	10 - Acquisition in the public market	58,100	$4.023
Apr 18/11	Apr 15/11	Penner, Douglas	Direct Ownership	Convertible Debentures Matures Feb 28, 2016	10 - Disposition in the public market	-51,000	$990.000
Apr 15/11	Apr 11/11	Fisher, Andrew James	Indirect Ownership	Common Shares	10 - Acquisition in the public market	20,100	$4.060
Apr 15/11	Apr 11/11	Fisher, Andrew James	Indirect Ownership	Common Shares	10 - Acquisition in the public market	3,300	$4.000
- Amended Filing

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[Corrigan1]

I gleened the Q1 reports for CPG, PGF and PWT but could find no one taking credit for the JV partnership with Second Wave and no one is crowing about the high impact wells drilled. Anyone have any new information about the identity of the mystery partner?.