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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 Jul 09, 2020 1:58pm
392 Views
Post# 31246584

You have to hand it to AR management

You have to hand it to AR management They have combined with Alio Gold and have arranged a bought deal financing that when completed will have about Cad $ 200.00 million including the US 60.0 million that they have in the treasury. With this cash position they will be able to advance the Magino project to production with very little extra financing because the cash flow generated will be able to cover the rest of the cost related to the construction of the Magino project. Something that they admitted were not able to do beforehand without a partner. So things are really looking up for the company and by extension the shareholders. 
Bullboard Posts