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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Post by greendayyyyon Mar 11, 2024 7:41am
241 Views
Post# 35925906

AR

ARA mine like Magino is a large-scale project for a company that involves enormous capital to develop environmental permits, ongoing discussions with government, land rights, an increase in the cost of living, fuel prices, labor costs, and the list goes on. It is certainly not an easy process when comparing the previous few decades to build a mine. Additionally, many similar exploration projects never come to fruition or become very difficult to develop, especially in current times. Therefore, as the Magino mine is built, we will now be able to reap huge profits, but it has certainly not been an easy process from the initial prospecting stage. Now AR can focus on the revenue generated for probably 20 years, as well as the work involved from start to finish to develop Magino into a mine. Yes, it is a long challenge and nothing is finished because there will still be problems with inflation, financing, labor, machinery and so on. It's a long time and it's all part of a long process that most major projects undergo today. After the first casting it takes a year or more before it is truly 100% operational and not only for AR but for the entire sector. In a few months the stock price should start to reflect an upward trend due to earnings and a more bullish gold price. Personal opinion.
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