Post by
ReitsRus on May 02, 2023 6:23am
Low Expectations for all Q1
Even though there will be positive earnings we have to remember Q1 isn't going to be spectacular for all O&G Q1 and we really can't compare to Q1 2022 with Oil $100 and NG $7-$9. Judging by some earnings so far I'm expecting to see 50% of last year. Q2/Q3 should be much better for all. RBC raised ARX to $22. In for the long Haul here!
Comment by
Quintessential1 on May 02, 2023 8:34am
Q1 of 2022 they booked a loss of $-.10 per share Q1 consensus estimates put EPS at $0.48 which is 580% higher than Q1 2022 That should be enough of an increase to please any money manager or investor. Throw in reduced longterm and total net debt with over 50 million less shares. We can expect a bump. GLTA ARX BULLS