RE:Wait a year to fix hedges?It is May 2023. It is only 8 months until 2024 not a year.
Since Q2 is well on its way that means only 2 more quarters of hedging,
It is also debateable whether the hedges could be fixed even if it was worth it.
CVE bought its hedges back and is trading terribly. I'm not sure why you think this is the fix.
ARX is already trading better than CVE or TOU.
Perhaps ARX management knows better than you?
GLTA ARX BULLS
MyHoneyPot wrote:
You will simply burn another billion on share buybacks, and rob the shareholder of the true evaluation that the share should be trading for today.
Eric Nuttal knew something was wrong with ARX, the way it trading. The reality of the situation was a whale of liability on the balance sheet in the form of risk management.
You can fix the debt and they have, but unless you fix the risk management liability ARX will trade at a discount. ARX can't get competative results with companies like TOU with this boat anchor tied to it.
The share buybacks are futile at this point and a waste of capital
Commodity prices are depressed time to fix the balance sheet.
IMHO