RE:Why is ARX a LaggerARX up 4% at the time of writing.. Tourmaline flat again. Both great names.
MHP, I take it you sold this morning given your misalignment with mgmt and no confidence in them..
Please update on your ARX status. Sold today? Will continue to hold (why if you don't believe in mgmt?) ? Buying more for the new $27 price targets ARX now has on it?
It is true that retail has zero impact on Mgmt's direction.. majority of shareholders are funds and they are aligned with Mgmt's plan.. if they weren't, they'd sell and move on as MyHoneyPot likely has done today, fully exiting his position as per his word.
~TGC.
MyHoneyPot wrote: Sunrise
I am not interested in ARX for sunrise, dry gas with $115 million full cycle investment to bring on 15,000 boe of low value DRY gas.
Dawson
Who really cares about the electrification of Dawson, 45 million to electrify Dawson, tell me how that represents improving the capital efficiency of ARX, and is a compelling investment opportunity for shareholders improving their returns. Is this ARX's idea of top tier capital efficiency?
Attachie
Capital efficiency is not gambling investors capital on a project that is not sanctioned. Maybe you can save 10 cents a foot on pipe today, many you can’t because of supply chain issues the verdict is out. Really capital efficiency/deployment is suppose to get you the best returns, rusting pipe lying on the ground while ARX management negotiated getting Attachie sanctioned from a position of weakness, sorry this is not Capital Efficiency.
Add to the capital efficiency objective that fact that 30% of you FCF going to Risk Management sounds like great use of capital and superior returns regarding capital efficiency.
It is clear why the stock is a lagger, it kind of wrapped up in the actions of ARX’s management team.
IMHO