RE:RE:RE:RE:RE:Is Arc a takeover candidate?ARX doesn't need to acquire a predominantly natural gas producer that can't seem to pay its own way. Whether the dividend cut proves out if it can in fact be profitable at these prices and hold out without hedging until prices improve or if it fatally shot itself in the foot when they decided to experiment with a non-hedging policy remains to be seen but they are not going to be receptive to any suitor that isn't willing to pay a premium and I just don't think that they are worth a premium offer at this share price level yet. Let them flounder with GXE and others that chose to fly too high too fast and only take a stab at them if they bottom.
GLTA
Longrunner11 wrote:
"The other name is of course Birchcliff, which would fit nicely with Arc's objectives and M&A strategies." Maybe the drop in BIR share price due to cutting the dividend will get things going. A decrease in the valuation of the smaller, potential acquisition targets could trigger the M&A activity the industry needs right now. Silver lining when OG share prices take a hit as they are currently.