RE:Watching Paint DryThe problem with ARX who has a staff almost twice the size of Tourmaline, is the innovation, there project pipeline, and their communicaiton. WRONG Post your links to the data showing that.
The resource below the ground is the best in the montney, the resouce above the ground is misdirected with poor leadership. One manics opinion.
If you look at TOU corporate presentation they show their pathway to higher volumes and more productivity in the future. TOU raised their dividend this quarter, and announced a special dividend of $1.50. ARX shows the pathway in their presentation, you should read it and try to comprehend. ARX's regular divy increase was much higher.
ARX has proven that the share buy back do nothing to support the share price and the proof is in the pudding TOU is trading at a significantly higher evaluation then ARX. All the share buyback does is burn capital in ARX case and reduce the enterprise value of the company. The cash leaves the balance sheet and evaporates, maybe that is the goal of the company to simply evaporate. WRONG ARX sp has done better than TOU over the last 6 months and 1 year.
We have heard about Attachie for how many years not and it about time to sh*t or get off the pot. Shareholder don't have any confidence in this poorly run over compensated inefficient rookie management team. Read the Presentation.
Like i said the resouce below the ground is world class the resouce about the ground, the leadership needs to be replaced and the business rationalized.
ARX has no drivers to make investors want to invest in the company. No growth plan, their share holder return plan has done nothing except burn 2 billion dollars, the shares are still trading way to cheap. You said a short time ago ARX is a $30 stock. Analyst or manic?
Management can't represent the company or the resource they are standing upon.
IMHO