Antero Resources Corp T.AR.DB.U

Primary Symbol: AR

Energy Oil & Gas E&P

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.

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Antero Resources Corp > Kinda Obvious

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Comment by Lifexprton Jul 16, 2024 5:26pm

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Post# 36135648

RE:RE:RE:RE:RE:Kinda Obvious

I guess we will find out in due time

$10M for 6.3%

They own 20% of SpinCo, they didn't have to own any shares (if you read the circular in detail, their initial offer was for the entire company and not just Magino)

It will probably get sold at some point sooner than later but with gold marching past $2,500 that NAV is only moving upwards especially with a highly leveraged producer.

With gold at $2,200 SpinCo was making $1-200 an ounce.

At $2,500 they are effectively tripling profit per ounce.

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