Trades Like An Oil Stock.Which is fine with me as they do produce oil which is making plenty of banck at these prices.
But you know who knows how much more they are making on NG?
No, not the market.
The management because they are actually selling the product and collecting the cash.
The they are using that cash to buy back shares that the market thinks are too expensive because they think it is an oil stock.
The market will be reminded of what kind of stock ARX is at earnings when they see all of the FCF generated, the amount of debt payed down and the amount of shares repurchased and cancelled on the cheap.
And then they will want to buy. ;-)
GLTA ARX BULLS