RE:RE:RE:Eric Said it the best...Lol I'm sorry to repeat it, William, but you have a form of mental illness in which Terry and Bibby live rent-free inside your Leakey head. Get help.
Investment-grade balance sheet
World-class properties
Exposure to lucrative U.S. markets
Poised to benefit from LNG boom
Decreasing share count
Rising Dividend
Rising EPS
Negligable debt
Cheers and GLTA ARX bulls!
MyHoneyPot wrote: Eric also said the returns are not that good?, do you think perhaps he is looking through the tainted eyes of more than 2 billion in risk management losses. Or the fact that ARX staff is twice the size of TOU?
You can have a magnificant resouces, and with the stoke of a pen the CFO marginalizes billions of dollars of what would of been FCF. Every boe is compromised because of managements ungodly destruction of the balance sheet. I wish Bibby would repost his talk to shareholders about Risk Management, what a joke that has turned out to be.
Management has no concept interms of the impact of his actions, and the percention that the returns at ARX are not that good, be the elite in the investment community.
If Eric Nuttal and his team, the #1 performing oil investment house in the world are not happy with ARX returns, are you going to believe Eric, or maybe you should believe the 3 Amigo Cheerleaders?
ARX is operationally fine, but management poises the biggest risk to for shareholders.
Until the risk management losses go away and the balance sheet is working properly, ARX is a compromised stock.
IMHO