Bullboard - Stock Discussion Forum Arrow Exploration Corp V.AXL

Alternate Symbol(s): CSTPF

Energy Oil & Gas E&P

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from... see more

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Arrow Exploration Corp > From Canaccord Genuity analyst

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Post by Rob0012 on Feb 22, 2023 5:30am

From Canaccord Genuity analyst

Exerpt from analyst's report:

Meanwhile, Canaccord observed that as always it is the production delivery that “matters most,” and the company plans to start oil flow gently from RCE-3 and manage the production ramp-up to maximize the overall well recovery and value.

Canaccord maintained its “Buy” rating and target price of C$0.65 on Arrow shares. Arrow stock jumped 3.33% to C$0.31 in morning trade on the TSX Venture Exchange.

Rob

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