Post by
MyHoneyPot on May 10, 2022 11:31am
Management missed it Change
Returning capital to Selling Shareholders
Management could of returned more capital to shareholder, that were selling their stock at $19 dollars with their buybacks.
Q1 Financial Statement
During the three months ended March 31, 2022, ARC repurchased 13,076,000 common shares under its NCIB at a weighted average price of $15.00 for a total cost of $196.3 million.
They should not be playing this game, it would be better if they gave a real dividend. If the dividend justification is 40 dollars WTI and 2 dollar gas, so should the buy backs. ARX net asset value at $40 WTI and 2 dollar gas, what do you think the stock would trade for at those prices $6 dollars?
IMHO
Comment by
GunnerG on May 10, 2022 12:27pm
What the heII are you saying with the title of your post. Try reading your posts before you send them. Every post your english is that of a 4th grader.