RE:May 2024 Q1 ERHey Rus. I keep reading that Q1 could be a bit of a tougher slog for gas-weighted producers due to lower NG prices over the winter. That said, ARX is diversified with Condy plus oil and their strength with gas marketing has historically produced solid results in times of relative weakness. Also, many analysts are forecasting a production beat, which could help.
With recent SP gains sending the dividend yield below 3% and the pace of buybacks moderating, I really believe they're going to step up next month. Conservatively, I can see the dividend being lifted from $0.17 to $0.20 / quarter. It would be a respectable increase and anything less would be insignificant in my opinion. Here's hoping!
Finally, the buybacks are such a massive success story. I've seem some accounts on Twitter/X criticizing the smaller buybacks this year and they're being really shortsighted as far as I can tell. To me, ARX gets a pass for taking their foot off the gas when you consider that they did all the heavy lifting when it mattered most: in the mid-teens and before the punitive tax kicked in. 125-million-plus shares and counting since the initial post-merger NCIB. Legendary!
Cheers and GLTA ARX bulls!
ReitsRus wrote: Quint and Trap what do you think about next Months Q1 ER, what would you think a reasonable Divy increase would be, they should be able to afford a nice Bump?