Not being Paid and the stock trading at $21 dollars
Well ARX now has a history of not paying its shareholders when will that change?
These buyback are not paying shareholder they are simply inflating the ego of Eric Nuttal that tells you he want to get paid, he will hold the last share in your float, and he will make all the money.
All i think share buybacks do is provide liquidity for people like Eric Nuttal that think they should be able to buy 10% of your float and have liquidity.
I think the will be an impact in the gas market if the USA, with more gas being processed as a result of the methane emissions. Also it will high grade their gas production to essentially Canadians Standards.
It means they can not longer drill an oil weighted well and flare the gas, this is a common practice in the permian basin and the Eaglesford basin.
I think arc is a good stock buy i think i could fall asleep waiting for it value to be recognized with this management team.
This is a good entry price, but will likely go lower.
IMHO