Related posts
Nervous markets await NvidiaHe would be very cautious on this one. The small cap model on oil and gas for the time being is somewhat obsolete because the capital intensity has gone up very materially and at the same time, many companies have over leveraged themselves. Debt to cash flow is now over 4 times. You are essentially counting on them to be taken out, if that were to come to pass, you have a good premium but the risk is too high.
An Alberta light oil play. Ventured into the Swan Hills in late 2010 and were very aggressive in their capital program by spending about $150 million. Expected to generate $50-$60 million in cash flow. Costs in the Swan Hill area has gone up significantly so economically these wells were less than expected and also payout in barrels was slightly less. Had also been hit with light oil differentials and bad weather. Generated a very high debt level.
Arcan Resources Ltd. is a OTC stock, trading under the symbol ARN-X(dead) on the (). It is usually referred to as or ARN-X(dead)
In the last year, there was no coverage of Arcan Resources Ltd. published on Stockchase.
Arcan Resources Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Arcan Resources Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Arcan Resources Ltd. In the last year. It is a trending stock that is worth watching.
On , Arcan Resources Ltd. (ARN-X(dead)) stock closed at a price of $.
Really quite concerned because of their debt situation. Debentures are trading at a big, big discount to the principle value. Have a giant overhanging debt. They have assets which he thinks should be sold. Too risky.