RE:Undervalued, or Depressed because of bad ManagementNobody cares about your worthless rants anymore. You might have had some credibility when this was stuck <$10 but ARX is well on its way. It only gets better going forward and management is being recognized widely for its steady hand on the busines through a brutally tough period.
At this point I could buy matching Bentleys for my wife and myself off of this, so just give it up already and move on to your next fixation.
Cheers and GLTA ARX longs.
MyHoneyPot wrote:
Really Kakwa has produced 60,000 more boe/day historically.
That means ARX has 33% upside in terms of production at the Kakwa play area, all half cycle with a proven production history, what is wrong here?
I think it the Green Movement, you don't want to be to efficient or make to much money because you need to support the energy transition. You need to subsudized green energy, that has a different standard regarding carbon footprint, and uses slave labor in manufactoring and development.
If Kakwa were to increase production 33 percent it would likely add 25% to ARX FCF.
That would take the place of 2 billion in share buybacks, and i think they could do it a lot cheaper than that.
Really ARX need to determine if they are in the energy business, or if the want to be lead by a group of Accountant to fiscal disaster.
IMHO