Nice Commodity Mix350,000 boe/day = (90,000 boe/oil-condy) (50,000 boe NGL's) (210,000 boe/day gas)
Very nice commodity mix, and really gives them leverage in all enviroments. Especially since condensate is all used in alberta, very low transportation costs, and a premium to oil.
Arx simply has not rerated yet, but i expect it in the new year. The share buybacks on not resonating as they should with investors. Instead of having 100 million shares canceled, imagine if you had 1.6 billion dollars in the bank? Or if you had $2.50 in dividends in your jeans?
- Arx needs to shake the sleepy joe impression of ARX resources.
- Arx needs to take 50% utilized gas plants from the liability side of the balance sheet and move them to profit centers.
- Arx needs to release the 1st quarter results and the industry will finally understand the potential of Arx.
NE BC needs to be resolved.
IMHO