RE:$20 target
No this is really a 30 dollar stock, if they get Kakwa to 200,000 boe/day
Kakwa by itself is worth 10 billion
Kakwa has over 2 billion in plant and infastructure.
ARX stock is a 30 dollar stock.
The balance sheet looks perfect, the hedges looks fantastic compared to last year, the FCF is going to the moon, wait until next quarter.
I am already excited.
Even with the lower gas prices, Q1 ARC will kick some TOU butt.
IMHO