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Arcan Resources Ltd. Stock Symbol: ARN-X

Notes:Oil/natural gas exploration, development, and production primarily in the areas of Deer Mountain, McLeod, and Hamburg, western Canada.

Last Price Recorded: $0.2200 on 2014-12-20

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Date Signal Expert Opinion Price
2013-08-13 DON'T BUY Peter Hodson

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.


Price:
$0.470
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2013-05-14 DON'T BUY Joanne A. Hruska, CFA

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


Price:
$0.600
Subject:
ENERGY/RESOURCE
Bias:
UNKNOWN
Owned:
No
2012-12-27 DON'T BUY Peter Imhof

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.


Price:
$1.020
Subject:
NORTH AMERICAN - SMALL
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2012-12-07 COMMENT Keith Richards

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.


Price:
$1.240
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2012-11-08 DON'T BUY Dennis Da Silva

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.


Price:
$0.900
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on GOLD
Owned:
Yes
2012-09-19 DON'T BUY Eric Nuttall

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.


Price:
$1.330
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
No
2012-08-31 COMMENT Alice Tsang

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.


Price:
$1.520
Subject:
RESOURCE
Bias:
BULLISH on PRECIOUS METALS
Owned:
No
2012-08-21 DON'T BUY Robert McWhirter

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.


Price:
$1.400
Subject:
CANADIAN & TECHNOLOGY
Bias:
SELECTIVE
Owned:
No
2012-07-16 DON'T BUY Eric Nuttall (Market Call Minute.) Debt is too high for him.
Price:
$1.450
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
No
2012-05-16 HOLD Eric Nuttall 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.
Price:
$2.560
Subject:
OIL & GAS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2012-03-23 WAIT Robert Lauzon Some recent news that shows they are still drilling wells. There was always chatter about who was going to by them.
Price:
$4.730
Subject:
ENERGY
Bias:
BULLISH
Owned:
Unknown
2012-03-19 BUY Eric Nuttall 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.
Price:
$5.530
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
Yes
2012-02-24 TOP PICK Mason Granger 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.
Price:
$5.900
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
Yes
2012-01-24 BUY Eric Nuttall 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.
Price:
$5.390
Subject:
OIL & GAS
Bias:
BEARISH on GAS
Owned:
Unknown
2011-12-29 COMMENT Peter Imhof 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.
Price:
$4.840
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 37 entries
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