RE:RE:Chris Blumas discusses ARC Resources Ltd.Fair enough, but there's a massive story here that generalist analysts are missing right now... This industry was beaten down and completely left for dead following the downturn after the 2014 peak. So now O&G has one good year and they're saying it's potentially topped out... In what universe? This speaks of a larger problem of this sector being extraordinarily undervalued.
Multi-year structural bull market that's literally just getting off the ground IMHO.
northman wrote: You can't just look at the SP. Got to look at market cap! There are double the number of shares outstanding compared to when arx was at $30
or do SP / BOED maybe for relevant comparison.