RE:Take care of your Pennies!MyHoneyPot wrote:
Watch the dollars float away
281.5 million in risk management in Q4. If you anualized that number it would be 1.126 Billion dollars.
Net income for 2021 was 786 million of the entire year.
Loss on risk management contracts 1,041.6 Billion for 2021
So i think i am pretty accurate a billion dollar loss, the largest in the entire oil and gas sector, and now prices are higher in 2022 we will see if they can repeat this performance.
133 million paid in dividends in the entire 2021 year. 340 million in share repurchases.
Production was down in the 4th quater, and they spent 2022 capex on accelerated
So i hope the share holders of ARC fell happy, no real significant improvement in the balance sheet, Hedging losses industry leading, no dividend increase, accelerated capital spending, lower Q4 production, no clarity on Attachie.
IMHO
curious what your angle is here? Do you own and you are frustrated? If so, sell it. If you dont own it, and do not like it, why even bother commenting?