RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Top Well Report - ARX Crushing ItGunner, i am here to give your life meaning, i introduce a little reality into your otherwise flawed view of world as it relates to owning ARX resources.
Remember it was MHP that enlightened you regarding ARX production of 221,800 for a quarter and the next Quarter was 215,000 boe/day, in fact i provided you the link to the reports.
Then today, i refreshed you memory on at $170 million dollar water capex project that will not return a dime for 3 years time.
Everythink can't be long term and ARX management has been sitting on their hands since the merger, with capital allocated to make believe projects they can't execute on and are not scantioned, time to give this guys a kick in the butt and add some real value for shareholder.
The cheerleading squad should quit, the more they cheerlead the lower the share price goes, the problem is all they have to cheerlead about is share buybacks, i feel for them, what a terrible destruction of capital and money loosing venture these buybacks have been.
IMHO