RE:A few #s Toppicks1 wrote: to think about ARX made 174 million per quarter in the first 3 quarters of 2019. With production of 134000 boe per day. They expect production to go up to 155000 to 161000 per day boe for 2020 which is a 20% increase. Capital spending will be down 270 million for 2020 to 500 million. A 20 % increase of 174 million per quarter brings revenue up to 209 million per quarter. 1 quarters revenue is enough to pay the Divi all year. THis company will be north of 10 dollars by August enjoy the ride.And pay no attention to The lying short on the board.
One more thing dont think Cancord isnt licking there chops on the 7 plus % divi when they come out with a target of 11 bucks when these guys get done loading up big a quick upside awaits.