Post by
JRParker on Apr 23, 2015 9:25am
good press release
NAV of $63m U.S. is $77m Cdn - over $3 per share. The comments in the press release on strategic opportunities is very encouraging.
Finally, ArPetrol continues to evaluate at all strategic opportunities available to the Company. YPF S.A. and Enap SiPetrol Argentina S.A., the third-party providers of natural gas processed at the Company's Faro Virgenes plant, recently announced a significant multi-year expansion to their Magallanes field. We see this increase in activity in southern Santa Cruz as a positive sign for our business development activities in the region. Additionaly, we are actively pursuing new mid-stream opportunities through-out the region.
Read more at https://www.stockhouse.com/news/press-releases/2015/04/23/arpetrol-ltd-announces-financial-and-operating-results-for-the-fourth-quarter#dGlM7gCooAg1HW3a.99
Comment by
dangerousjd on Apr 23, 2015 9:48am
Working capiital has decreased 400k..from 1.8 to 1.4 million likely attributed to plant maintenance shutdown...Hopefully they will resume buying , enhance some value here...Geez we have sat at this price for 8 months now...
Comment by
TheRock07 on Apr 23, 2015 5:43pm
Its steady as she goes. The deal will get done and if not we have not long to wait for liberation day.