A Takeover incoming???NOT of Arc of course...............not anytime soon anyway.....& nobody is going to buyout Arc at these high prices with natural gas trading at all time lows. So anyone still stupid enough to think or believe so, better get your thinking cap on and SEE what's REALLY going on here.............
IMHO...........I think Arc is prepping itself for another "accretive" acquisition. So it may explain WHY the stock has been "artifically" pushed up to these levels.......for M&A leverage. It doesn't make sense with NG Henry Hub prices at record lows and the stock pushing a 52 week high. Last time Ng prices were this low........Arc was trading less than1/3 it'scurrent price. So something to think about, and the only thing saving Arc & the rest of the Canadian O&G sector are oil prices. Which are still relatively high compared to NG. So a BIG contrast & disconnect going on here......indeed!
So the questions beckons, WHO is ARc eyeing & targeting ......and when?! As i've mentioned several times on this forum, there are 2 or 3 candidates, depending HOW much Arc is willing to spend on M&A, but MY money is on WhiteCap. As they "CHECK" all the boxes the folks at Arc are looking for in an "accretive & synergestic" acquisition. And my gut tell me it WILL BE before year end...............
So foget this nonsense of some phatom company taking a run & buying out Arc.........lol........it won't happen for at least 5 more years...possbily more. And i see Arxas potentially ONE of the surving entities to super size to a level comparable to Canadian UnNatural & some of its larger US counterparts.
GLTA