Lagger - the question is why?
The answer is simply, the company is run by a bunch of accountants. Management does not have the confidence or the smarts to change direction in the light of a changing business enviroment, and align the business with the current economic conditions.
Treaty8 - they want to go ahead with it even if there is no First Nations agreement in place.
Attatchie - spend 75 million, without sanctioning.
Kakwa - turn you back on your most liquids rich play even with condensate at 160 dollars Canadian.
The reason ARX is doing so pathetic is that management is not to smart and does not add value.
Horrible risk management in place, will not increase produciton is a high commodity price enviroment.
Other stock that i think are worth mention are the following.
(1) POU my biggest holding, i have intimate knowledge of this company and their assets (2) TOU is a great holding, (4) CPG is nicely hedged, (3) Kelt is full on exploration, (5) NVA great managment, (SU, CVE, CNQ) superior economics.
I like ERF but find they operated land base kind of small, and they are leaving Canada. So i recently bailed on them.
I like stocks that do not need fixing up, share buyback i don't agree with, and to much debt leads to bad business decisions. Small float and highly aligned management team.
IMHO