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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

Comment by Lifexprton May 21, 2024 1:31pm
104 Views
Post# 36050348

RE:RE:RE:RE:Take the money?

RE:RE:RE:RE:Take the money?From YAHOO, divide those targets by 3X still makes money

Spinco is an exciting wild card because it is highly leveraged to gold which is moving to US $3,000/oz. My financial model considers 105k oz/year production (for FC, SA and LC), currently guided cost of sales near US $2,000/oz, 15 PE, 10x post reverse split diluted shares of 126.7 million and pro-forma share price at initial issue of US $0.44.

·       US $2,400 gold implies after tax US $0.20 EPS, US $2.98 SP and 577% gain.

·       US $3,000 gold implies after tax US $0.58 EPS, US $8.67 SP and 1870% gain.

This analysis does not include Cerro de Gallo which could add another 80k oz/year production over 16-year mine life.

While I am unhappy with the fire sale price of Magino (5% AGI equity), I am quite happy with owning Spinco under the proposed terms, now that I better understand what the Spinco numbers project and being in the early stage of an historic gold bull market. Get your Spinco shares now while they greatly discounted. I am officially bullish again.


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