RE:RE:RE:RE:RE:he he he - Big Quarter, stock flat as a pancakeAgree with you Trapped. We may banter, but there is nothing 'wrong' with ARX.. it's simply the Blueberry River overhang.. can't proceed with Attachie until that is resolved and it's in the stock price. All of the bank reports cited this also.
Additionally, the street is looking to see the build plan - cost, schedule & updated economics on the project. None of these have been released, so again, this has impact on the stock.
Once those two are complete, (they will be completed within days of each other - communicated to the street), then this stock will lift off materially.
This is a $30 stock with a .96c/yr dividend in 2023, currently dressed as a $19.50 stock with a 3% yield.
Good luck all longs.
~TGC.
Trapped wrote: I 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