RE:Have share buybacks really been accretive?Crew, blah blah blah. Whats your point.
Advantage, blah blah blah. Whats ....
MHP still hasn't figured out how valuations are determined.
Also, management put their money into Kakwa just as you were demanding many months ago. Now you claim they should be replaced for following your advice. What a fool.
MyHoneyPot wrote: ARX has bought back roughly 16% of their shares, their 2022 average annual production was 345,000 boe/day.
So essentially for buying the equalivent of 55 thousand boe/day they paid over 2 billion dollars.
Advantage today is trading at 1.2 billion and is producing more than 62,000 boe day. Own Glacier Gas Plant.
Crew 800 million market cap and is producing more that 33,000 boe day.
ARX management is good a burning capital, destroying capital, and not paying shareholders.
ARX needs a new management team, and their staff it twice the size as TOU and all the cheerleaders on the board are telling you a fairy tale story.
Someone should buy ARX, fire 2/3 of the staff, and fix the risk management mess. ARX is a good buy for TOU.
IMHO