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Arcan Resources Ltd V.ARN

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  V.ARN.DB | V.ARN.DB.B | ARNBF

Arcan Resources, Ltd. is engaged in the exploration for, development and production of oil and natural gas. The Company currently has two operating segments including exploration and production and pumping and stimulation.
Price: $0.325 | Change: +$0.025 | %Change: +8.33%
Volume: 27,500 | Day High/Low: 0.335/0.31 | 52 Week High/Low: 0.91/0.22


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2 stars

RE:RE:RE:RE:RE:RE:RE:RE:Fire the lot

teevee wrote: From that I infer you are willing to be paid in full with shares. Is that correct?  It will never come to that. But I do understand the desperation of someone like yourself who holds the...read more
1 star

RE:RE:RE:RE:RE:RE:RE:Fire the lot

jd43xl wrote: The thing is, the common shares are probably worth less than what Aspenleaf offered. Legally, the debt has to be paid off before the common shareholders get anything, unless everyone...read more
1.5 stars

RE:RE:RE:RE:RE:RE:Fire the lot

BWJohn wrote: They (Arcan executives) have managed to snatch defeat out of the jaws of victory - demostrated again  by bringing forth a prosposal from Aspenleaf that was almost 20% below the current...read more
3 stars

RE:RE:RE:RE:RE:Fire the lot

You just have to wonder if the people who start attacking others (verbally abusing them) if they aren't  insiders and management? Otherwise they'd be all united and sympathetic about  the financial...read more
1.5 stars

RE:RE:RE:RE:RE:Fire the lot

Gawd this site is garbage. It won't even copy-and-paste properly.  rate and reply
1.5 stars

RE:RE:RE:RE:Fire the lot

teevee wrote: < lts="" and="" cpg="" could="" vote="" the="" deal="" down="" owning="" 38%="" of="" the="" stock,="" however,="" because="" arn="" can="" pay="" debentures="" with="" stock,="" if...read more
3 stars

RE:RE:RE:Fire the lot

ThompsonRob007 wrote: I can't comment on the management team because I don't know the people or history. It is strange that Arcan is a light sweet crude producer with great field netbacks who can't...read more
0 stars

RE:RE:Fire the lot

I can't comment on the management team because I don't know the people or history. It is strange that Arcan is a light sweet crude producer with great field netbacks who can't seem to get a $100k/boed...read more
0 stars

RE:Fire the lot

My thoughts exactly!!! I would have to agree on they accuracy of the numbers posted! They should all be fired with just cause and as far as CRY BABY Barney Miller goes he's a little b...h insider who...read more
0 stars

RE:RE:RE:RE:RE:Fire the lot

Your a complete loser for posting on here insider  rate and reply
5 stars

RE:RE:RE:RE:RE:Fire the lot

Prior to the deal being announced I like what I saw with respect to the last wells, cost discipline, and the OPEX holding in at that $16/bbl range.  I don't like the hedges or the high interest costs....read more
0 stars

RE:RE:RE:RE:Fire the lot

What would that accomplish? A company that no one wants to work at. Who runs that day to day operating aspects of the production. Breaking the management contracts means no one would work at Arcan...read more
0 stars

RE:RE:RE:Fire the lot

In my opinion there has been some reckless dealings that have caused my share value to be next to worthless. Before the big announcement Arcan was trending upwards - albeit slowly, then in comes this ...read more
0 stars

RE:RE:Fire the lot

The $'s above assume a much lower debt ratio for 100% Arcan. Their press release states $2.53 NAV at year-end 2013 and a $2.85/NAV in 2012 (P+P) with the debt included. Either way, Arcan's NAV did...read more
0 stars

RE:Fire the lot

Spinco = 12.5% of Assets = $0.63/share  2014 Arcan = 100% of Assets = $5.04/share NAV I think fractions are taught in 3rd Grade (not the 5th). NAV is derived from the 3rd party reserve report and...read more
0 stars

Fire the lot

Aprl 26th 2012 report states Arcan's NAV to be $7.28 fast forward to  June 23rd and Arcan's NAV now $0.63! Who's being held accounatable for the this - either someone fudged the 2012 numbers or...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:think about it......

"paying the debenture holders with stock would require approval from shareholders" One way or another, the debenture holders have to be paid because if they are not, they can force the company into...read more
0 stars

RE:RE:RE:RE:RE:RE:Re management

Well Kyle you just exposed yourself Barney Miller!!!! You should lose your job just on the history of your blogs!!!  Who in there rite mind would make rude comments to shareholders and debenture...read more
0 stars

RE:RE:RE:RE:RE:RE:think about it......

I heard LTS was shouting their dissaproval at the annual meeting, vowing to vote against. If so, and CPG also votes against, then the deal is dead as combined, they hold about 38% of the stock (In...read more
0 stars

RE:RE:RE:RE:RE:think about it......

I'm wondering what are the chances that Crescent Point and Lightstream - both major shareholders, not debenture holders - are influencing Arcan in the backing of this deal? It's CPG, LTS and the...read more