ARX participation with Pump and Dump makes them UninvestableEric Nuttal involvement with ARX, has changed a company that was focused on paying share holders dividends to one of share buybacks.
Given that Nine Points will only invests in your company if you aligned with their investment strategy and buy back shares. Nine Points with their professional trading desk, and continual access to management puts them in a position of advantage to all the ARX shareholder.
Engagement of Nine Point by ARX management is self serving, they have failed to communicate a viable business plan that shareholders will endorse. Their capital efficiency is zero, as none of thier capex capital is returning anything, as of today.
I could be wrong, we will have to see what the electrification benifits of Dawson adds in terms of Capital Efficiency, maybe we can compare it to Kakwa? Ha Ha. (That 45 million could be adding significant additional FCF)
In my option with Eric Nuttal promoting a stock it is a good reason to stay clear because management is now making decisions so that Eric can endorse them, do the quick flip, and leave them holding a bag of air.
Investors, Eric wants to fiscally engineer ARC, sorry but the development of Kakwa is the only reasonable investment ARX, could make.
Now in my opinion ARX Management is Dancing with the Devil, who has its hands in share holder pockets, and will end up with your cash.
ARC is no longer a company that pays meaningful dividends or special dividends, because ERIC can't model them. ARX management has ditched it loyal historical shareholders who were here for meaningful dividends.
Association with Eric is a desperate move by a company in a desperate postion to communicate its investment upside. Higher grade companies like TOU or POU kick eric to the curb, and work will real companies like Peters or Canoe.
IMHO