RE:RE:RE:RE:Oil up 2.5%, ARX UnchangedNo offense but do you live under a rock? Ever heard of last year's Saudi-Russia price war? Do you recall WTI going negative after the pandemic was declared? They cut the dividend because the alternative under the circumstances would have been to fund it with debt in a declining commodity price enviroment. Trust me, they did the right thing.
uncutgems wrote: why would a conservatively managed company like arx need to cut their dividend twice and lose over 60% of it's value in the last 5 years alone? this is a SERIOUS question btw. would love the hear answers from the group assembled.
conservatism is more than just talking the talk.
alertmeipp wrote: ARX is quite a bit cheaper.
I suspect VII shareholders are selling out, ARX is too conservative for them I think.