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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: $0.22 | Change: +$0.12 | %Change: +120.00%
Volume: 749,640 | Day High/Low: 0.22/0.10 | 52 Week High/Low: 0.57/0.05
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3 stars

Valuati

$1.3billion x .15 is app $200mill mkt cap plus bank debt $160 mil ...$360m  for a co that has infrastructure in place...produces 4000 bbl/day mostly hedged at $90..mkt was valuing co. At .22 Friday...read more
1.5 stars

Valuation

With the lower oil prices, and 1.3 billion shares outstanding, cash flow per share will be under 2 cents. Considering the high debt levels, the share price could be as low as a 2X multiple. So 4 cents...read more
1.5 stars

RE:holy doodle

It will probably fall back below 10 cents on Monday. The debt remains far too high.  rate and reply
5 stars

holy doodle

1.3 BILLION shares if this goes thru.  rate and reply
1 star

Debentures for shares at 15 cents

•Exchange of Arcan's $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 (the "2016 Debentures") and $85.0 million 6.50% convertible unsecured subordinated...read more
1 star

RE:Aspenleaf deal back on....

onad77 wrote: 50 cents....is the rumour I heard... Looks like you heard wrong chit for brains.  rate and reply
1 star

RE:Aspenleaf deal back on....

Well then Aspenleaf is going to have to come up with a better offer to appease the DB holders.  I think the shareholders like myself would be relieved to kiss Arcan goodbye at 50 cents. This move up...read more
3 stars

Aspenleaf deal back on....

50 cents....is the rumour I heard...  rate and reply
0 stars

Aspenleaf is back......to buy ARN's neighbour

CALGARY, ALBERTA–(Marketwired – Dec. 8, 2014) - Coral Hill Energy Ltd. (“Coral Hill“) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement“) with...read more
1 star

Gonzo

Guys, I am stopping any further posts on this site. I admit that I find iroctsxv's comments humorous as he is obviously an ex-employee who is very bitter about being fired. He has resorted to silly...read more
5 stars

Celebrating 5.5 cents???

Well, I did say we'd hit 5 cents by Christmas... Apparently last nights' press release didn't garner you folks any more credibility hey? Here's how you get your stock back up, ready?? QUIT!!!! WALK...read more
5 stars

RE:RE:RE:Betting 5 cents before Christmas

Sadly, I went to defend myself and realized that you are absolutely correct... At different times, iroctsx & I bought Arcan stock, hence the reason we're on this board. And for that decision alone...read more
0 stars

RE:RE:Betting 5 cents before Christmas

iroctsx + mathwhiz = dumb and dumber  rate and reply
4.5 stars

Betting 5 cents before Christmas

Lucky number SEVEN! Does it count when it's 7 cents? Or can it still be considered lucky when it's dropped 100x in value in a few years? I would say it's probably a lucky thing that the management...read more
0 stars

RE:wonder what the Toronto vulture funds think now?

Further to my previous post, not being in a position to redeem the debentures for cash, and with the remaining option under the terms of the debenture to redeem with stock, ARN is now effectively...read more
0 stars

wonder what the Toronto vulture funds think now?

I wonder what the toronto vulture funds that didn't like the .825 on the dollar offer for the debentures think now? The only way they can cut SOME of their losses is to short on ANY bid at ANY price...read more
0 stars

RE:barney miller KYLE

Your responses are incredibly stupuid and childish. Grow up and get off of this site. Your paper fights are laughable.  rate and reply
4.5 stars

RE:9.5 Cents

How do you short a stock at $0.10? What broker will do this trade? How do you borrow a 0.10 stock to ensure you're not bought in after you fail to deliver? I know everyone wants to blame everyone...read more
5 stars

RE:RE:RE:RE:RE:Xmas bonuses for management

The funniest part about this post is the fact that 200 shares, after trading fees, can't even buy him a candy bar!  rate and reply
1 star

9.5 Cents

The people that all of you negative thinking (iroctsxv excluded as he is incapable of thinking) people should be slamming are the short sellers. I suspect that is Scotia plus other institutions or...read more