Devon Shire
Long only, newsletter provider, oil & gas, small-cap

Arcan Resources - Let The Takeover Games Begin

Back in October, I asked whether anyone other than Crescent Point Energy (CSCTF.PK) still liked the Swan Hills / Beaverhill Lake light oil play in Western Canada.

I just received my answer, as my favorite unconventional light oil producer, Petrobakken (PBKEF.PK), announced this acquisition of an interest in the land of Arcan Resources (OTCPK:ARNBF) and shares of the company as well:

"PetroBakken Energy Ltd. (the "Company" or "PetroBakken") is pleased to announce recent exploration developments with respect to the highly prospective Beaverhill Lake formation in the Swan Hills area, which we have targeted as one of our key new resource growth areas. Recent farm-in agreements with Arcan Resources Ltd. ("Arcan") has enabled us to secure up...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details