RE:RE:RE:Twice the Staff, we can't afford Arx ManagementARX share price and dividend are over 250% higher since the merge 2 years ago,
I am not sure what kind of returns you were hoping for but go sell crazy somewhere else.
Shareholders are being well compensated by ARX and management.
GLTA ARX BULLS
MyHoneyPot wrote: Management is underperforming in a dismal manner.
The amount of capital they allocated to their lame brain plans, it hard to imagine or who would consider spending 130 million on water infastrure when a third party solution was available that would provide immediate return to share holders without spending 130 million of your shareholders Capital, this is poor management at its best. Thy have shown their true colors.
Clearly ARX was down over 21000 boe from Q4, they accounted for 7,000 of that responding to a pipeline outage, how do they account for the other production more than 14,000 boe day. I will tell you how, no accountability...
If you want to see ARX growth profile its in a presentation go to TOU and look at their competative analysis you will not find it in the ARX presentation. Before annoucing Attachie ARX did not have a growth profile for shareholders. Management is failing in the representation of the company.
The CEO is an operation guy and has never been a CEO before. The communicaiton is so poor the plan so bad and he thinking so unbusiness like, i feel like ARX is leaderless, except for the CFO who manages to surprize the market with his ability to generate hedging losses.
Management needs to go, what would happed today if our FCF was 500 million, more than double, because we were able to make a gain in hedging like TOU, and didn't have the 150 million dollar loss bibby created.
The stock would be 25 dollars, management is incompetant.
IMHO