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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Bullboard Posts
Post by oxinoson Jan 28, 2020 6:39pm
203 Views
Post# 30611223

Don Durrett re:Argonaut Gold

Don Durrett re:Argonaut Gold
Argonaut Gold has been a successful mid-tier producer for more than a decade. They have a conservative management team that has done a good job of building and operating gold mines. That said, this is not an upper-echelon elite mid-tier company, which they are trying to become. They currently produce about 200,000 oz. annually and are not being rewarded by the market. Thus, they are undervalued.
 
They have three producing mines in Mexico and have three more to build. They have large resources, with 9 million oz. Plus, they have low debt and all-in costs around $1,200 per oz. I'm not sure why the market doesn't like them. They are having trouble permitting one of their projects, but they have three to build.
 
If I value them as a future 300,000 oz. producer, their annual free cash flow potential is almost their current market cap. That makes them very cheap on a long-term basis at higher gold prices. Their red flag is that a larger company could acquire them for a small premium. Undervalued companies tend to attract attention. I would not be surprised if they get taken out in 2020.
 
Bullboard Posts