Arrow Explor. Share Price (AXL)

"experiencing a remarkable 60% increase this year alone"

35.67%

I have been talking a bit about the fact that the 21.2% stake in Arrow held by Canacol was up for sale and I am glad to see that the cross has just printed at 18.5p. Talking around I think that Canacol sold to an institutional investor and associates.

Arrow is showing a change in trajectory now that this stake from former founders Canacol Energy is now held I understand by a new group of investors lead by industry veteran and independent energy investor Gavin Wilson.

Arrow, a notable performer, had surged since its introduction to London’s Aim market in October 2021, experiencing a remarkable 60% increase this year alone. Canacol Energy then revealed its intention to sell assets due to balance sheet pressures, initiating the stake’s availability last month impacting the Arrow price.

This change of investors is likely a source of satisfaction for Arrow, as the stake had been casting a shadow on the market, causing shares to dip from recent highs. With the stake having been hanging over the market, this clearance today, and to a highly respected investor is clearly good news.

Chief Investment Officer Gavin Wilson’s extensive experience, coupled with his involvement in other major invested companies such as Afentra, TAG Oil, and PetroTal Corp., further solidifies the credibility of this move. He has built up a reputation for supporting smaller exploration companies and offering expertise in the sector, often taking a board seat, that results in turn-around results for world class energy investments that have latent potential. The placement signals confidence in Arrow’s potential.

Arrow has been a favoured stock of mine for a while and has been on the Bucket List almost since it came to the London market in 2021. Having fallen from the recent peak and with stability back in the market place I suspect that the shares are now looking very attractive.

https://www.malcysblog.com/

Somebody has already made a very nice profit!

What a chump! I missed a rare opportunity at midday. And we all knew it was imminent.

Well the good news is that we have gone up since the very large sale, now we know what has been pushing the price down for a while. Canacol needed the money rather desperately for their business (nothing to do with AXL) so it was likely to happen and is now out of the way without to much damage. Onwards and upwards.