RE:RE:ARX Management has its head in the sandDoes anyone recall this thread from just before the start of 2024?
Lets have a little look back at how everyone is doing...
ARX YTD +19.75 % yield 2.9%
NVA YTD +15.5% yield 0%
POU YTD +5.75% yield 6.36%
KEL YTD +0.00% yield 0.00%
"Only thing is ARX pays a dividend, NVA doesn't. Is it the play, management or a bit of both? I don't know." LOL. Never gets old. No wonder they spend all their time pumping KEL. They have to.
EASY HOLD!
GLTA ARX BULLS
PabloLafortune wrote: I did a two year comparison of ARX with Nuvista (Q3 '21 to Q3 '23). ARX grew less than 2%. Nuvista grew from 51,000 to 80,000 boepd almost 60% growth. Nuvista condensate grew from 15,779 to 26,704 boepd. Shareholder returns - buybacks and debt reduction - more or less the same using 4.5X (ending) production factor (guess of $616M vs $2.7B). Of course ARX started off 7X larger than NVA...Only thing is ARX pays a dividend, NVA doesn't. Is it the play, management or a bit of both? I don't know.
Draw your own conclusions.