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Wednesday, December 5, 2012

Big Players Grab Stakes in Arcan Resources

Article from the Calgary Herald:

http://www.calgaryherald.com/business/players+grab+stakes+tiny+Arcan+Resources/7656125/story.html#ixzz2EDRFzk84

2 comments:

  1. Any guess as to what Petrobakken is thinking here, Devon?

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  2. Sure, I think it is pretty simple. Crescent Point thought these assets were a good deal at $5 per share plus. I don't think there is any reason to think that Crescent Point doesn't know how to value Swan Hills acreage.

    Petrobakken is now buying shares at 20% of the price. It is a good deal, especially when Petrobakken can buy the whole company and therefore doesn't risk having the management team run it into the ground like us passive investors do.

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