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Showing 1 to 15 of 37 entries
DON'T BUY

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.

oil / gas
DON'T BUY

Their debt is quite high and they will have to do something to change it.

oil / gas
DON'T BUY

Raised a lot of money and made a lot of acquisitions but have a lot of debt on their balance sheet. Production costs were much more than anticipated.

oil / gas
COMMENT

Chart shows a bit of support that was broken earlier this year. A possible head and shoulders bottom may be forming. He looks for neckline breakouts. If the current neckline is broken, he could see a target of right in around $4 or so.

oil / gas
DON'T BUY

Arcan is a traditional junior, Neighbors to Pengrowth but they don’t look at them as an acquisition candidate. Not as enthusiastic about it. Expensive and he questions the internal rates of return.

oil / gas
DON'T BUY

He 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.

oil / gas
COMMENT

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.

oil / gas
DON'T BUY

Has declined 50% below one of his moving averages and has underperformed over 70%. Ranks 480 in his model. Expected to earn $.06 in 2013 giving a PE multiple of approximately 24 times. There are others that have more visible opportunity to end up making decent money.

oil / gas
DON'T BUY
(Market Call Minute.) Debt is too high for him.
oil / gas
HOLD
Put out a quarter that was less than fantastic. Spent way more than people were expecting so the debt is to a level where people are uncomfortable. Over 3X debt to cash flow. Questions execution by the management.
oil / gas
WAIT
Some recent news that shows they are still drilling wells. There was always chatter about who was going to by them.
oil / gas
BUY
Sitting on one of the sexiest oil plays in Canada. Demonstrated they can grow production meaningfully. Trades at discount to others. Always chatter of take-out. More likely to be taken out and piers. Balance sheet is strong and it is light oil. Things that eventually it will be taken out.
oil / gas
TOP PICK
Significant and mostly contiguous land position in the Swan Hills play in Alberta. Very heated, light oil play that is getting a lot of attention in the market. Of the 130 sectors they have, probably 100 are light oil.
oil / gas
BUY
Likes the story. Drill results on 10 wells next week. Their leverage to the price of oil is very good. Continue to like the name. They did significant financing late last year. Good chance of this name being consolidated this year.
oil / gas
COMMENT
A little bit cautious as last quarter their costs were going up quite a bit. Producing about 5500 BOE's and planning to exit at around 6000. Cash flow multiple is not very high and have a big landholding. Likes the story.
oil / gas
Showing 1 to 15 of 37 entries

Arcan Resources Ltd.(ARN-X(dead)) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Arcan Resources Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Arcan Resources Ltd.(ARN-X(dead)) Frequently Asked Questions

What is Arcan Resources Ltd. stock symbol?

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)

Is Arcan Resources Ltd. a buy or a sell?

In the last year, there was no coverage of Arcan Resources Ltd. published on Stockchase.

Is Arcan Resources Ltd. a good investment or a top pick?

Arcan Resources Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Arcan Resources Ltd..

Why is Arcan Resources Ltd. stock dropping?

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.

Is Arcan Resources Ltd. worth watching?

0 stock analysts on Stockchase covered Arcan Resources Ltd. In the last year. It is a trending stock that is worth watching.

What is Arcan Resources Ltd. stock price?

On , Arcan Resources Ltd. (ARN-X(dead)) stock closed at a price of $.