RE:RE:RE:TD NoteI don't ridicule anyone for taking a stab at a valuation of the company and consequently the share price. I applaud it.
By production metrics ARX is way undervalued however, until the hedging losses fall off and the balance sheet starts to reflect that production in actual profit especially EPS (let's face it that's the metric the algos track) we won't see significant jumps in share price.
If commodity prices stay at this level we should see a gradual grind up in share price as the next ER approaches and the market wakes up to ARX's higher dividend and increased earnings based on diminishing hedges but we won't see a pop in share price until we see a pop in the ER. Share buy backs should also help keep the share price stay buoyant while we wait.
I am looking forward to my increased divy and a very lucrative 2022.
GLTA
clamlinguine wrote: Arc is 40 % liquids compared to Storms 19% so to say Arc is 20 % undervalued by the sale metrics is probably conservative.