RE:RE:RE:RE:RE:Where is myhoneypot Industry leading hedging loss, put in place all at the low end of the cycle and pushed out 4 years, to 2024.
Dismal and not a hedging strategy, an income average strategy, that in 2021 has caused them a 40% reduction in CF, and may be higher because of the associated royality costs.
This essentially makes ARC a poor investment, with compromised returns.
Exhibit 3, Page 8 says it all.
IMHO