54.74 Million Shares - Whats up?TMX - ARX Trades 54.7 million shares So i think something is up with ARX, and really what a great opportunity to purchase the company while the cash flow is incumbered 40%.
The volume of shares that traded was 54.7 million shares, that is almost 8% of the share float if the company.
My spider senses are tingling and i think that that would be a prime opportunity to take our ARX, every if they paid $25 dollars a share, they basically have done zero to add to production since the time of the acquisition, and are sitting on Kakwa, Sunrise, and Attachie, plays.
Some more defined and deliverable than others.
I could see TOU taking ARC out in a heart beat.
IMHO