RE:Condy PricingARX is trading at half price because of collusion between Bay St bankers . It has been a long standing trade on Bay St to go long TOU and short ARX , hence the ridiculous price targets . You'll notice Canadian banks have the lowest targets and this is a prime example of how useless and biased the OSC really is .
Once the banks have milked all they can out of existing shareholders their targets will miraculously rebound to true valuations while the banks act shocked that ARX is such a screaming deal .
Control the microphone and you control the narative , BNN is a tool of Bell media and neither Bell or Trudope want any good press regarding Canadian O&G . It will be fun watching American traders come in and eat the banks lunch .