Post by
shenty46 on Aug 12, 2021 11:38am
I sold 18650
I sold 18650 shares today from my holding of 50000, and bought 16000 arc resources to balance my portfolio.
Comment by
NGinsider on Aug 14, 2021 6:38pm
You sold PEY to buy ARX? They only lost $200 million before tax on a $514 million hedging loss. PEY loses $22m on hedges and still books a $17 million profit before tax. What do you see that is so great about ARX? ARX has further to go on the hedging losses too.
Comment by
shenty46 on Aug 14, 2021 10:15pm
Both are great companies, both have lost around 20 percent from their highs, just to diversify I sold, didn't want to put everything in one basket. I hold 32000 peyto. ,
Comment by
ghostzapper on Aug 15, 2021 10:55pm
You have not been the only seller. Check the insider report. Lots of options being exercised. Judging from the recent report it looks like debt and hedging losses are additional overhangs. Will I hang tight or scamper away to where I think the grass is greener?
Comment by
shenty46 on Aug 15, 2021 11:53pm
Diversification is not bad, Arc is giving 2.2 cents monthly dividend and is on track to reduce debt to almost 1.5 billion, as it is projected to have a billion dollar fcf this year, and at this time is the Canada largest condensate producer, and third largest ng producer. Peyto will need few more quarters to start preforming, whereas arc is poised for great results going forward.