Encouraging Words for Arx Resources
The assets are great, but the management is a DOG.
Its not bad enough their risk managment strategy, Terry thw pesident is a operational engineer, and they only have their eye on one line on the balance sheet the costs, trying to drive every penny out of the equation, only the most efficient operations, while the dollars are floating away.
Dumb is all i can say about Arx management.
How has 600 million helped the shareholders in share buybacks so far, share buybacks are a black hole, in ARX case you and throw as much money as you want at it and get no return. Even the cheer learder squad is down to one boom cha, and starting to look around.
If they management the company this poorly when times are good, what will they do when times are bad. The balance sheet approach is really saying accounting is running the business, a horrible mess.
How would thinks be if they invested half of that 600 million in Kakwa, i think you would have a stock in the 23 dollar range. Pretty soon Eric will tell them time to pay dividends, so he can move the ARX stock out of his growth fund, it has been a dog for him as well.
You cannot have accountants running a company, or you find yourself in the mess that ARX is in.
Assets are good, management is a dog.....
IMHO