RE:Q3 Results - Business as Usual
I agree that these aren't blockbuster results, but then again it's unrealistic in my view to expect every quarter to be over the top.
I notice that their average realized prices are almost consistently lower than the prices that TOU reported yesterday. I'm no expert in hedging / pricing etc and certainly not wanting to trigger a pissing match of ARC vs TOU (I own both) but it looks like this is at the heart of the lower financials overall. If someone has any insights, I'd appreciate your comments. Trying to learn here, not trying to be critical. I suspect it's one of those things that should be looked at in the long term, not every quarter.
I've owned ARC for many years. These results are in line with their long term plan.It might cause some stock flippers to get out or at least do some squacking but I don't see any reason to make any changes to my holdings.
GLTA