$20.18 average price over 10 years
Greetings ARX shareholders, did some research on ARX spanning a 10 year period closing prices on May 7th starting in 2011-2021.The closing prices on those dates added up divided by 10 = $20.18. I don't have the data in regards to oil & gas prices or what Arc's production outputs, capex, debt where but I will be looking into these facts soon. With the merger production levels that Arc alone never achieved its quite possible that within 5 years this stock price could surpass its previous high of $33.85 Canadian per share back around 2004. For this to happen the current oil & gas prices have to be at these levels or higher for a number of years. Technically this stock should easily be trading at $11-$13 at today's prices. When you look at all the stats, $20 plus dollars is not out of reach. ARX has been around since the early 2000's and has touched that very nice $30 plus mark before, who says it can't do it again. Cheers and have a great weekend to all.