Arcan Resources Ltd.

ARN-X(dead)

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about ARN-X(dead)

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 13, 2013

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.

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.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$0.470
Owned
No
DON'T BUY
DON'T BUY
May 14, 2013

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

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

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$0.600
Owned
No
DON'T BUY
DON'T BUY
December 27, 2012

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.

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.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.020
Owned
No
COMMENT
COMMENT
December 7, 2012

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.

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.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$1.240
Owned
Unknown
DON'T BUY
DON'T BUY
November 8, 2012

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.

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.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$0.900
Owned
Yes
DON'T BUY
DON'T BUY
September 19, 2012

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.

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.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.330
Owned
No
COMMENT
COMMENT
August 31, 2012

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.

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.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$1.520
Owned
No
DON'T BUY
DON'T BUY
August 21, 2012

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.

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.

Robert McWhirter
President, Selective Asset Management
Price
$1.400
Owned
No
DON'T BUY
DON'T BUY
July 16, 2012
(Market Call Minute.) Debt is too high for him.
(Market Call Minute.) Debt is too high for him.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.450
Owned
No
HOLD
HOLD
May 16, 2012
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.
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.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.560
Owned
Yes
WAIT
WAIT
March 23, 2012
Some recent news that shows they are still drilling wells. There was always chatter about who was going to by them.
Some recent news that shows they are still drilling wells. There was always chatter about who was going to by them.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$4.730
Owned
Unknown
BUY
BUY
March 19, 2012
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.
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.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.530
Owned
Yes
TOP PICK
TOP PICK
February 24, 2012
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.
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.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$5.900
Owned
Yes
BUY
BUY
January 24, 2012
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.
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.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.390
Owned
Unknown
COMMENT
COMMENT
December 29, 2011
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.
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.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$4.840
Owned
Yes
BUY
BUY
December 15, 2011
A Beaver Hill Lake oil play. Whenever you encounter a small company pursuing a new resource play, there are always some initial higher costs. Likes where the play is going. Expect this will be a takeout in late 2012.
A Beaver Hill Lake oil play. Whenever you encounter a small company pursuing a new resource play, there are always some initial higher costs. Likes where the play is going. Expect this will be a takeout in late 2012.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$4.710
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 8, 2011
(A Top Pick Dec 7/10. Up 5.97%.)
(A Top Pick Dec 7/10. Up 5.97%.)
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$5.640
Owned
Unknown
WEAK BUY
WEAK BUY
November 8, 2011
One of the companies that fits into CPG’s portfolio. ARN is producing and CPOG owns 19.9%. CPG will likely take them over as they develop.
One of the companies that fits into CPG’s portfolio. ARN is producing and CPOG owns 19.9%. CPG will likely take them over as they develop.
Peter Brieger
Chairman & Chief Executive Officer, GlobeInvestment Capital Management
Price
$5.640
Owned
No
PAST TOP PICK
PAST TOP PICK
November 8, 2011
(A Top Pick Dec 7/10. Up 5.97%.)
(A Top Pick Dec 7/10. Up 5.97%.)
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$5.640
Owned
Unknown
STRONG BUY
STRONG BUY
October 13, 2011
(A Top Pick Oct 22/10. Up 11.4%.) Growing very rapidly. Have about a 105 section contiguous block of land in the Swan Hills area. Very prospective for light oil. Very well financed. About $50 million cash and about $120 million line of credit.
(A Top Pick Oct 22/10. Up 11.4%.) Growing very rapidly. Have about a 105 section contiguous block of land in the Swan Hills area. Very prospective for light oil. Very well financed. About $50 million cash and about $120 million line of credit.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$5.180
Owned
Yes
BUY
BUY
October 13, 2011
Continue to come out with phenomenal well results. Recently did a financing. Continue to have good success in the Font Hills play. Looking for a huge ramp-up in production. Prime takeover candidate at $7-$8.
Continue to come out with phenomenal well results. Recently did a financing. Continue to have good success in the Font Hills play. Looking for a huge ramp-up in production. Prime takeover candidate at $7-$8.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.180
Owned
Yes
BUY
BUY
September 29, 2011
Very large resource play. Have done a great job of delineating the play. Ready to bring on full production. Good price.
Very large resource play. Have done a great job of delineating the play. Ready to bring on full production. Good price.
Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$4.440
Owned
Unknown
BUY
BUY
August 29, 2011
Just-released results, which are guiding to higher production levels. Crescent Point (CPG-T) owns a sizable amount of this company.
Just-released results, which are guiding to higher production levels. Crescent Point (CPG-T) owns a sizable amount of this company.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$5.790
Owned
Unknown
TOP PICK
TOP PICK
August 10, 2011
150 sections of contiguous land in an light oil play in the Swan Hills. Expect them to be ultimately taken out by a larger company.
150 sections of contiguous land in an light oil play in the Swan Hills. Expect them to be ultimately taken out by a larger company.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$5.950
Owned
Yes
BUY
BUY
July 19, 2011
Likes the name. 1.5 % in hedge fund strategy. Oil play in swan hills areas. Owned 19% by Crescent point Entergy. Likes the prospects.
Likes the name. 1.5 % in hedge fund strategy. Oil play in swan hills areas. Owned 19% by Crescent point Entergy. Likes the prospects.
Jamie Horvat
Sr. Portfolio Manager, Sprott Assett Management
Price
$6.560
Owned
Yes
TOP PICK
TOP PICK
July 5, 2011
A junior in Western Canada. Have the second biggest oilfield in Canada and they own land around this. Great takeover target. NAV is about $4.50, which could probably be doubled on a takeover.
A junior in Western Canada. Have the second biggest oilfield in Canada and they own land around this. Great takeover target. NAV is about $4.50, which could probably be doubled on a takeover.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$5.660
Owned
Yes
COMMENT
COMMENT
June 24, 2011
Huge oil resource in central Alberta. Had issues with one of their rigs but that seems to have been resolved. Starting to see fairly good results from the drilling. If they can delineate this there should be out a lot of upside. CapX is very aggressive so it needs to see execution. If management can prove out the project, there should be a good lift and valuation.
Huge oil resource in central Alberta. Had issues with one of their rigs but that seems to have been resolved. Starting to see fairly good results from the drilling. If they can delineate this there should be out a lot of upside. CapX is very aggressive so it needs to see execution. If management can prove out the project, there should be a good lift and valuation.
Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$5.400
Owned
Unknown
TOP PICK
TOP PICK
May 19, 2011
Oil producer in the western Canadian basin. Their big play is the Swan Hills play in Alberta. Had 100% drilling success this year. Well financed and valuation is good.
Oil producer in the western Canadian basin. Their big play is the Swan Hills play in Alberta. Had 100% drilling success this year. Well financed and valuation is good.
Andrew Cook
, Andrew Cook and Associates
Price
$4.750
Owned
Yes
TOP PICK
TOP PICK
May 4, 2011
Plays to the larger theme of the Swan Hills complex in Alberta. A Legacy (LEG-T) oil field that was discovered in the 1960’s. There were 6 billion barrels of oil initially in play. With the advancements in horizontal drilling, they are able to drill up the fringes of the pool. This company was an early entrant into the game. Could be a takeover target.
Plays to the larger theme of the Swan Hills complex in Alberta. A Legacy (LEG-T) oil field that was discovered in the 1960’s. There were 6 billion barrels of oil initially in play. With the advancements in horizontal drilling, they are able to drill up the fringes of the pool. This company was an early entrant into the game. Could be a takeover target.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$4.220
Owned
Yes
COMMENT
COMMENT
April 18, 2011
Fantastic junior exploration company. You can get almost 5% in their convertible bond. Problem with a resource company that has a reserve life is can they get through strenuous parts of a cycle. Very well run and has gotten cheap recently. Now has production making it look pretty compelling and would probably like the bonds as a way to get into it but he is not there yet.
Fantastic junior exploration company. You can get almost 5% in their convertible bond. Problem with a resource company that has a reserve life is can they get through strenuous parts of a cycle. Very well run and has gotten cheap recently. Now has production making it look pretty compelling and would probably like the bonds as a way to get into it but he is not there yet.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$4.060
Owned
No
TOP PICK
TOP PICK
December 7, 2010
Very large position surrounding the Swan Hills oil field. So far results have been very good so thinks this will be a great take-out candidate.
Very large position surrounding the Swan Hills oil field. So far results have been very good so thinks this will be a great take-out candidate.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$5.190
Owned
Yes
TOP PICK
TOP PICK
October 22, 2010
Oil weighted junior. Central Alberta. Pretty interesting land at Deer Mountain. Enjoying excellent success there. $7 oil is probably worth $7.80. Drilling risk is always there and ability to manage pressure flood. Financing risk was an overhang for this stock but recently did an issue and had credit updated.
Oil weighted junior. Central Alberta. Pretty interesting land at Deer Mountain. Enjoying excellent success there. $7 oil is probably worth $7.80. Drilling risk is always there and ability to manage pressure flood. Financing risk was an overhang for this stock but recently did an issue and had credit updated.
Mason Granger
Portfolio Manager, Sentry Investments
Price
$4.650
Owned
Yes
BUY
BUY
October 15, 2010
Drills wells of about 500 barrels a day of light, sweet oil in Alberta and believe there is a 40% recovery factor. New financing will allow them to increase their drilling program. Expensive on current production but prospects are very good.
Drills wells of about 500 barrels a day of light, sweet oil in Alberta and believe there is a 40% recovery factor. New financing will allow them to increase their drilling program. Expensive on current production but prospects are very good.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$5.040
Owned
Yes
COMMENT
COMMENT
September 23, 2010
Expect they will average 2500 BOE's production this year and exit at 3500-4000 at the end of the year. May have to raise some more money to drill out the rest of their properties, which could create some weakness.
Expect they will average 2500 BOE's production this year and exit at 3500-4000 at the end of the year. May have to raise some more money to drill out the rest of their properties, which could create some weakness.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$4.490
Owned
Yes
BUY
BUY
April 30, 2010
Had previously missed on some of their numbers but have now been able to hit on some of their targets and the stock has run up quite a bit. Did a large financing at $2.50. Expecting some news in the next week or so on a couple of their other wells.
Had previously missed on some of their numbers but have now been able to hit on some of their targets and the stock has run up quite a bit. Did a large financing at $2.50. Expecting some news in the next week or so on a couple of their other wells.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$4.750
Owned
Yes
BUY
BUY
April 26, 2010
Starting to attract attention. Good risk/reward profile. All time high today. Explores and produces.
Starting to attract attention. Good risk/reward profile. All time high today. Explores and produces.
Andrew Cook
, Andrew Cook and Associates
Price
$4.800
Owned
No
BUY
BUY
September 22, 2009
Two long life unionized production. It’s all oil and low risk. Good holding potential and increased production.
Two long life unionized production. It’s all oil and low risk. Good holding potential and increased production.
Jennifer Stevenson
Executive Vice President, Qwest Investment Fund Management Corp.
Price
$1.500
Owned
Unknown
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