RE:RE:RE:RE:RE:RE:RE:Is Arx heading to 10POU, TOU (looks like an old batman sound effect bubble lol). Why are you here?
Management isn't going anywhere that should be obvious.
They do not have an activest investor like SU did to shake the tree. (Answer to your Q AN...No!)
So you have a jurisdiction that could be approved at any moment and you allocate zero budget to it?
Or do you allocate a stipend and if it is not approved you use the stipend to buyback shares?
After all part of the reason your stock is devalued is because BHFN is not approved so use it to your advantage.
You know VII had to hedge to cover abysmal debt that ARX fixed on day one right?
You know those hedges came with VII and don't completely fall off until 2024 too right?
Calling people that make way more money than you and that garner higher status and respect than you brain dead makes you look petty.
Go POU TOU and leave us alone.
GLTA ARX LONGS
MyHoneyPot wrote: Buying back shares means that you don't have any projects that would get a better return in the company. If you think that Kakwa with gas plants running at 50% could not get better returns, their highest netback projects. $120 oil Maybe you should think about investing in something else.
I talked with POU about buying back shares and they said they can get better returns with the money and that they wanted to do buyback opportunisticly, just like TOU. Both these companies are essentially zero debt with equity on the balance sheets (Topaz, NVA)
ARX is really run by the CFO not the CEO, and Bibby need to take responsibility for those dismal hedges that were in place that lost cost two 2 billion dollars that they will never get back.
This is the brain dead approach to running a company by a brain dead management team.
IMHO