RE:RE:RE:RE:ARX Management has its head in the sandYeah, personally I think ARX is holding up really well against peers as you can see.
It's true that there are a few heavy oil E&Ps outperforming all of these mixed light oil and NG E&Ps.
I wonder if that is an area that ARX should expand into to help smooth out these down cycles?
Turn ARX from a 3 trick pony into a 4 trick pony?
Maybe just keep expanding the condy side of production it tends to get better pricing than oil?
I wonder when and if TMX's use of non-returnable condy will affect condy spot pricing?
I see things heating up over there on the KEL board.
That Morgan Earp is quite a pistol (See what I did there?)
Even PLF looks to be steering clear of that mess.
He said he still owns 1k ARX shares (I bet he wishes it was more now)
Perhaps ARX should buy KEL and put them out of their misery but I am still not sure they are the better deal over Crew. I would love to see ARX take out that Aduro private and then suck up Crew. That would make a very nice contiguous Montney land package and Aduro has a lot of processing. I am kind of surprised that Crew didn't just buy Aduro instead of building their own NG plant which is part of their 4 year plan and the main reason why their stock is slumping so much right now.
Crew is still getting cheap. Technicals show its stock falling to the $3 range before they bounce. At those prices if someone doesn't scoop them up I may have to buy some.
Just weekend thoughts with coffee. Enjoy your weekend!
GLTA ARX BULLS
Trapped wrote: Lol, and a great comparison!
Happy Friday, cheers and GLTA ARX bulls!
Quintessential1 wrote: Does 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.