RE:RE:ATB CapitalJust as well as Patrick O'Rourke is a 0 star analyst with a very poor track record and whose rating probably carries very little weight, (or it probably shouldn't) in the investment community at large.
For a comparisson, Chris MacCulloch, who is a 5 star rated analyst and is the analyst in retiredcf's next post, has lowered ARX'x target price from $29.50 to $29.00 or $.50 per share. A somewhat insignificant drop given the O&G sector's recent price volitility but perhaps accurate given ARX's larger exposure to NG over oil. Then again, he does seem incredibly conservative in his price predictions as he has given ERF a raise " to $19.25 from $17.50" when ERF has what amounts to, from what I understand is a $24 plus buyout offer on the table.
For me, I would rather have that a well thought out analysis and conservative price target that has been historically more accurate than a pie in the sky cheerleading target as I can come up with enough of those myself to satisfy my greedy little hopes and dreams. LOL
What I need is someone who is going to keep my expectations realistic moving forward and keeping me from being disapointed by the kind of unrealistic higher expectations that someone like O'Rourke holds out that should only be considered as "best case scenario" targets.
That being said, I think MucCulloch hasn't taken into account ARX's hedges and ability to better market their NG than hub spot prices pay, and its price target should be securely in the $30 plus range for the 18 to 24 month future period.
GLTY and ALL ARX BULLS
Westcoastenergy wrote: Strange to me that O'Rourke picked ARX as a "favoured name", but then did not mention it in the target price analysis. Perhaps that is because no adjustment was made.