Two time zero is zero Right now gas sold in the USA is getting more than $10 dollars a Mcf because of the Canadians dollar treding at the 74cent U.S. level.
Really it a brain dead strategy to me for oil companies to invest all the FCF in share buybacks, it actually makes it easier for the government to phase out the sector. Really why pay CEO big bucks if their only strategy is to buy back share to create value for shareholders?
Interest rates are going up a lot, and shareholders should get competative returns.
ARX management since day one has pursued their own agenda, and failed shareholders in a miserable manner.
- Shareholders have waited for year to get out of the burden/losses associted with a bad hedging strategy.
- They have heard about sunrise and attachie two projects they can get sanctioned.
What have you done for us not lately but have you really added any value management?
IMHO