RE:RE:Dry Gas Pursuit of ARX managementIts amazing they keep the CFO, they need a new risk management team.
Last quarter this is what it looked like..(Millions)
Revenue from commodity sales 1,582.6
Loss on risk management contracts (524.5)
Total revenue, interest and other income and loss on risk management contracts
1,059.2
What this illustrates if it was not for the Risk Management losses of ARX their Total Revenue would of been, 49.5% higher.
So there is a problem here? its not with me you all should be upset, if your not i can't help you. , Investing in a company you expect the management to be responsible. Bibby is not qualified for CFO, risk management, IT management, Ivestor Relations and any of the porfolio's he takes care of.
Bibby should he be rewarded for his single handed efforts in Risk Management that resulted in a single quarter loss of 500 million.
What do you think the hedging loss will look like in Q4, do you think management can out do they 1/2 a Billion hedging loss in Q3.
Now line up with the rest of the cheer leaders and do the Can Can to close out the 2021 the year of ARX's Fiscal Management Fiasco.
IMHO