RE:RE:RE:To take it down this way is pathetic. Bigjake is right that VET really isn't a great comparison given their exposure to a lucrative Nat gas market in Europe. Look at the Canadian market as a whole you will see the same trend.
Regarding the performance of Arx, there are a number of reasons one could say are impacting the stock price such as the hedges you mention (they are terrible). Personally I think this stock may have a bright future but there are better places to put money right now so it doesn't stagnate. Management lacks communication and seems to be focusing on attachie which for the moment is really not in the cards. It's probably safe to say there is some investor hesitance when it comes to Arx.