$PEAK - ARN on BNN? - $PEAK - InvestorVillage
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Msg  11211 of 61199  at  9/27/2010 10:18:03 PM  by

YSL


 In response to msg 11209 by  Leanne
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Re: ARN on BNN?

 Peter Imhof, "May have to raise some more money to drill out the rest of their properties, which could create some weakness".
 
I think it depends on how additional capital is raised. The SP is expereiencing a weakness now because it is not actively drilling more wells and the market is discounting the possibility of issuing some shares IMO. However I think the company is planning to accelerate drilling through the debt route and is awaiting an updated reserve report to increase the bank credit. I think when this uncertainty is removed and accelerated capex program is announced, the SP should resume its upward trend.
 
HI!
 
YSL


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