RE:RE:bleakest123Don't give me that BS, I posted regular technicals on the TOU board until you ARX ROCKPILES started infiltrating it. If an ARX rockpile comes on the TOU board and I see it, I'll make sure to correct them as any ARC argument I've seen is massively convoluted, such as yours
Cheeapet12 posted on the TOU board today when ARC was in the red and TOU was in the green? Thought Cheeapet12 would be hiding today...
Just so we can save Cheeapet12 money, there is huge technical resistance for ARC just under $12 and it cant hold a close above $12 which is confirming at resistance and there is no real support until $9.12 so ARC is entirely reliant on the price of oil right now because ARC isn't net profitable and has no forward guidance. Maybe if oil goes to 90 or 100 that will help ARX break the support.
Lets create a company called ARC, it will have nearly 3 times the P/E of TOU, it will have no forward guidance, it will have 1.8 billion in debt and only generate 500 million in net income compared to TOU's 1.3 billion and net income less debt that its annual net income and will have a market cap 5 billion below TOU but compare itself to TOU everyday, it will have over twice as many outstanding shares as TOU and nowhere near the volume of shares owned by insiders, it will have an EPS of nearly 10 times lower than TOU, it will cut its dividend twice in the last 12 months while TOU has only raised it's dividend since inception and offered a one time 'special dividend' that was equivalent to 3 years of ARC quarterly dividend payments and it will currently be bouncing it's head off technical resistance and unable to sustain above it with no support in sight closer than a 35% drop from current level and totally reliant on the underlaying spot price of oil for it's success due to the horrid balance sheet and low confidence in managment and their compete lack of forward guidance and for whom investors were calling for to resign only like 3-4 months ago? Sounds like a real mix for success right there... unreal
But day after day after day ARX people will show up on the TOU board and try to arm wrestle big pappy TOU and look like complete investing rockpiles when TRUTH be know, ARC isn't even in the same ionisphere as TOU and never will be on its current path.