RE:RE:RE:RE:he he he - Big Quarter, stock flat as a pancakeI agree it's an unusual trading pattern and and I appreciate the chance to discuss it. For me, it's all systems go (hedges rolling off, oil up, SPR ending, midterms over next week, geopolitical conflicts, divvie up, debt down, share count down etc. etc.)
I would have to call it profit taking by swing traders in for a quick buck on ARX's recent rise (nothing at all wrong with that! Buy on rumor, sell on news).
Beyond that, it's clear we need to get the province of BC's negotiations with the BRFN behind us to cement the plan and path forward. Nobody doubts this will come to an agreeable conclusion but it's unfortunately going to be an overhang as it's literally the only obstacle left.
My two cents anyway. Cheers and GLTA ARX longs!
bmeister2 wrote: No,trapped,I don't know who you respondes to but this was a "funny" day in that many oil stocks had a down day with oil and gas up bigtime. It doesn't make sense for me especially with the great qtr. report by ARC with divvy increase to boot! WTF happened? Hope it had nothing to do with justinflations announcement yesterday of tax on share buybacks. What is your read? Thanks. bm