Post by
MyHoneyPot on May 07, 2023 11:21am
Fools Buyback
It a fools buyback to waste capital buying back stock while the horrible hedges impair the market from realizing the real operational performace of ARX assets. (The CFO is making the entire company look bad)
Last year around 1.47 billion dollar impairment inflicted on ARX opperational assets by a FAILED 2 Billion dollars share buyback program. The cash went up in smoke.
The reason for ARX's poor performance is the horrible risk management strategy, and really you should fix this first before squardering share holder capital on a buy back program. How do you expect to get a rerating when the balance sheet has be broken by you risk management strategy?
The company not valued correctly becasue they keep evaporating cash, imparing the value of funds from Operation, and incurring the industry worst risk management losses.
IMHO
Comment by
ReitsRus on May 07, 2023 1:59pm
So your saying all O&G Companies are Fools for Buybacks, not just ARX?
Comment by
Trapped on May 07, 2023 2:37pm
William, just go back on your meds. You're way past making a fool of yourself. Cheers and GLTA ARX Bulls.