RE:RE:RE:RE:I'm guessing the market disagrees with MHP...Kinda perfect, isn't it Quint? Almost like they had it planned.
And yes, I can't wait to see the total shares outstanding below 600M in the very near future! Good solid number and it will pump the per share metrics in our favor through 2024 and beyond while saving on dividend costs before they pivot to the next raise.
Analysts are describing it as a solid, drama-free quarter and they loved the slight CAPEX reduction in 2024 because it bucks an industry trend.
Way to go, ARX!
Quintessential1 wrote: Well if he is going to he will have to beat management to them.
"At September 30, 2023, there were 605.0 million common shares outstanding"
GunnerG says they bought back 1.7 million last month so they do not seem to be slowing down.
At that rate they will under 600 million shares outstanding heading into 2024.
Just in time to pause repurchases for the buyback tax and raise dividends in Q1 2024.
GLTA ARX BULLS
Trapped wrote: Why on earth would you buy back???
Haven't you heard this company has the worst management team in the industry!
In fact, I think you should stay away until at least 2027 when they're no longer rookies.
What exactly is wrong wtih you??? I'm dying to know because NOTHING you say makes sense, ever.
Cheers and GLTA ARX Bulls.
MyHoneyPot wrote: I will buy back in at 21 dollars later in the next little while.
In 2024 we will see the futher destruction of Kakwa, and futher decline in in Condensate production.
ARX wants to be a dry gas company, and does not want to pay shareholders.
IMHO