RE:Standard With ARX being a low cost producer that markets their production well and hedges when prudent I have no worries with the conservative mangement team and this sustainable dividend. They already reduced capex once:
"The 2024 budget represents an approximate $200 million decrease in capital spending from what was presented at ARC's June 2023 Investor Update. The decrease reflects operational decisions to minimize non-productive capital and realized cost savings."
Besides that we are all aware that this is oil's shoulder season with NG peak season around the corner right?
GLTA ARX BULLS
SideshowBob1 wrote: Did anyone actually think energy was a safe investable sector for la long term value play? Give your head a shake. Years of hard work to get these gains flushed in a matter of weeks. Who in the right mind subjects themselves to this torment? Bulls take stairs bears take windows. Take your medicine folks this is going to get UGLY. One more round of capitulation followed by one more generational opportunity.
I'll give oilcos the roadmap for the way out - CUT YOUR $@!DAMN CAPEX!