Trapped - just remember my mind is like a steel Trap... Really;
- Oil at 106 U.S,
- Condensate $110 U.S.
- Gas at $7.30 U.S.
Production has remained flat since the merger, and all that the management has done with FCF is buy back shares, expand sunrise without telling shareholders a commissioning date, poured millions into attachie with no hope of getting the project sanctions and flush billions in an ill conceived hedging strategy that will likely cost 1.5 billion in 2022, a new industry standard for hedging losses, sold of valuable transportation at Kakwa, while facilities run 50% idle.
Blowing in the Wind
So ARX management have done zero to create value, the stock is blowing in the wind and need a suitor to take them out. Management is negative value at ARX, and i would say every cent of share price appreciation in terms of the companies value is market conditions, management have had a negative 10 dollar impact per share.
Shareholders need to wake up to the worse management team in Oil + Gas history.
IMHO