TSX:ARX - Post Discussion
Post by
Quintessential1 on Dec 10, 2023 5:25pm
Are all Kelt owners richards or just these two?
Taken from richard's first post:
Look at Q3, similar netbacks. Even though ARX has lower costs (own plants), they have less oil and condensate (24% versus 31%) which means Kelt is less dependent on natural gas whose near term outlook is grim according to some. Taken from the first line of ARX Q3 financial report:
Third Quarter Results - ARC delivered quarterly production of 360,177 boe(1) per day (63 per cent natural gas and 37 per cent crude oil and liquids(2)). Production increased five per cent compared to the third quarter of 2022, and 13 per cent on a per share basis(3).
Full disclosure I don't any of that POS stock that they own and no intention of buying any just because I don't want to deal with either of those two richards.
GLTA ARX BULLS
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