RE:Brian Ackerretiredcf wrote: As always, Acker needs to be taken with a large grain of salt. Aside from the fact that he pretty much hates anything Canadian, he has this model which generates targets and then if they are higher than the current price , he looks for the negatives and contradicts himself (ie. why would you sell ARX at $25 if your target is double that?) And he actually said $51.00. GLTA SELL ON STRENGTH
Arc Resources Ltd(ARX-T)
24/10/2023
He targets $50, 130% upside, but the valuation is hitting a ceiling. Would sell at $25.20.
Oil / Gas
Brian Acker
$21.770
Unknown
Yes, very goofy he was also comparing today's share price with 2017. Arx like so many O&G companies are not the same as they were prepandemic. The good ones went out and bought production at firesale prices. Some have tripled production and are drilling less. Still no love for the patch even though they are being responsible and showing very good profits