Why do I get the impression..that a buyout of ARX is in the works..
Seems to me that Shell or an LNG partner could be in private discussions to acquire ARX.. probably why they stuck a dud like Terry in the top seat after Myron...
- No material dividends.
- Continued choices to keep the stock price down (terrible hedges, CFO should be fired).
- No material growth.. treadmill to keep production flat.
- Horrible presentations and lack of care in any messaging. I read today that many felt Terry Andersons presentation at Peters & Co. was the worst they have ever seen by an E&P company.
Makes me wonder....
~TGC.