RE:Shorters like MHP & Sunsurf Panicking Soon?Not short any ARX..quite the opposite...loaded up with more than ever including mid term dated calls..quite overweight ARX and CVE
Having said that, not a rah rah cheerleader when its quite clear ARX mgmt could clearly have exhibited more confidence in the balance sheet and the market...something i wouldve backed as a long term equity holder and would've upsized my already great returns a lot more...
I hope they get out of this uber cautios market following approach whether its hedging (which was ridiculous in the face of cratering supply/drilling that they were well aware of) or pouncing on short term market opportunities like the 202 crash
Remeber, they entered all this with one of the best baalnce sheets in teh sector..if anyone couldve taken some thoughtful risk exposure it was ARX..instead they turtled