RE:RE:RE:ARC Resources 18-063-03W6/00 KAKWA TRmontney (10-OCT -20)
The current hedging price that ARC is contracted for should be shareholders knowledge and could probably the reason why this stock is underperforming. When the fund managers keep pumping this with BUY ratings, increasing the 12 month target PRICE obviously they would have access to all the numbers, production, hedging ect, ect. Let's see what happens this week after the RBC energy conference that another poster mentioned. If this stock doesn't move that means the analysts have not been telling the truth period. Oil could jump to $100 per barrel and this stock would move sideways or go down. Until the real numbers are known the stock will underperform. I'm not saying that Arc is a bad company, I'm saying that I was mislead by analysts buy ratings, the merger which was an all stock deal so they never borrowed to take over VII but when you find out that there's now 724 million shares, they owe 2.3 billion and their hedging prices are way below the current WTI price, it now all makes sense. You could have the best reserves, one of the lowest costs of production, without the right management means nothing. Once again, let's see what happens in the next few weeks, no jumps in stock price or trading volume then its time to get out and buy a better managed energy company IMHP.