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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: $0.315 | Change: $0.00 | %Change: 0.00%
Volume: 196,009 | Day High/Low: 0.32/0.315 | 52 Week High/Low: 0.91/0.22


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0 stars

RE:RE:RE:RE:RE:FP Article

Fair points JD - but debenture trading is expensive.  I was tempted to press the eject button after the deal was first announced, but I have nowhere better to park the funds.  My brokerage charges 25...read more
1.5 stars

RE:RE:RE:RE:FP Article

As I replied to rad, that may be the plan. I certainly wouldn't be holding the debentures, as the limited upside is offset by the risk of a lower price after the deal is rejected. But down the road...read more
1 star

RE:RE:RE:FP Article

JD, If  you are long the debentures, why not sell now and buy back at a much lower price after the deal is voted down?  rate and reply
1.5 stars

RE:RE:FP Article

You make a good point, rad. I might join you in buying those debs.  rate and reply
3.5 stars

RE:FP Article

Hilarious but  true - at the end of the day the assets are around 610 million, the liabiliities are 380 million.  I am happy to load up on these debentures when the proposed deal falls on it's face as...read more
0 stars

FP Article

http://business.financialpost.com/2014/07/25/arcan-resources-ceo-defends-deal-with-aspenleaf/ My favorite lines from the FP article with McCoy: • But they paid 100 cents a few years back: “You are...read more
1.5 stars

RE:RE:teevee

I am getting the feeling you have been buying common shares, and are lying about not having a position.  rate and reply
4 stars

RE:teevee

If they wanted it, they would have come by now.......and why make an offer if they kill the deal? Why not wait for ARN to deteriorate further, and maybe pick up the pieces in a distress sale, or from...read more
1.5 stars

teevee

You are missing something. CPG and/or LTS can kill this deal, then come back with a total buyout offer. If the common shares plummet as you expect, then the shareholders would jump at the chance to...read more
3 stars

RE:RE:RE:teevee

jd43xl wrote: But why are you defending a deal where the common shareholders get money from the debenture holders, if you have no economic interest? These are opinion boards and I am intrigued by the...read more
1.5 stars

RE:RE:teevee

But why are you defending a deal where the common shareholders get money from the debenture holders, if you have no economic interest?  rate and reply
3.5 stars

RE:teevee

I am retired. I once owned ARN shares, but after they sold debentures to pay for pipelines and roads etc, I sold. Why? First, the acid fracs didn't work as well as hoped for, and second, because, the...read more
1.5 stars

RE:RE: Shorters?

teevee wrote: """Most are looking for a buyout in the $10 range, but if ARN can hold the buyers off until they spend all of their drilling cash, we could get a heck of a lot more for our shares."""LOL...read more
1.5 stars

teevee

Since you own no shares nor debentures, just what is your interest here? Who do you work for?  rate and reply
3.5 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:teevee, debenture redemption

jd43xl wrote: teevee wrote: I believe the reason why the debentures traded at 50-60 cents on the dollar before the offer on the table, is because the market believes that is all they are worth...read more
1.5 stars

RE:RE:RE:RE:RE:RE:RE:RE:teevee, debenture redemption

teevee wrote: I believe the reason why the debentures traded at 50-60 cents on the dollar before the offer on the table, is because the market believes that is all they are worth after satisfying the...read more
3.5 stars

RE:RE:RE:RE:RE:RE:RE:teevee, debenture redemption

rad10 wrote: guys - there are other options at maturity.  With a 2/3 majority vote the debenture terms can be amended. Typically an increase in the interest rate, a consent fee, and / or a reduction...read more
3 stars

guys you are not anonymous on line

libel is libel............  Be careful.  rate and reply
1.5 stars

teevee the liar and fraud

Once again, when proven to be a liar, the fraud teevee tries to change the subject. Once again teevee, who do you work for?  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:teevee, debenture redemption

guys - there are other options at maturity.  With a 2/3 majority vote the debenture terms can be amended. Typically an increase in the interest rate, a consent fee, and / or a reduction in the...read more