RE:RE:Geopolitical RiskARX is laggard, just like you...
Management has no problem sitting on their hands, loosing 250 million in a quarter to hedges, letting 1/2 cycle production sit idle while the gaze into the crystal ball, while holding prayer meeting for the sanctioning of Sunrise and Attachie.
The only real capital project which is dawson, electrification, that will go a long way to providing share holders meaningful return.
Treaty8 issue is written on the backs of ARX shareholders, while managment get over 24 million dollars in appreciation in the compensation plan, squandering share holder money on project that can't be sanctioned.
Your a piece of work, sorry to say.
We have geopolitical risk, with higher oil prices and a need for more energy, lets try to buy back the shares at the top of the market so we can sell them off when the commody prices are mid cycle.
Isn't that how they set the dividend policy 2 dollar gas 40 dollar wti, so maybe that should be the criteria for share buyback, or they are chucking shareholder capital out the window. At 40 dollar WTI, arc would pay zero dividend, and their share would trade for 3 dollars.
IMHO