RE:RE:RE:RE:RE:August BuybacksIt would be ironic, Quint, and more than a little funny. Some folks need to realize the grass isn't always greener on the other side.
Quintessential1 wrote: LOL. It seems pumping on the Kelt board has worn out its welcome even amongst alies.
Comment by PabloLafortuneon Sep 05, 2024 2:49pm 
16 Views Post# 36210370 RE:Production Gains Biased to Liquids
WTI is $69, Kelt has no hedges (I suggested 25% when oil was $83).
Are you being responsible promoting Kelt without mentioning that management like to trapeze without a net?
Wouldn't it be ironic if Kelt spent all that time and money changing their production ratio to favour liquids (unhedged liquids at that) just when liquids pricing dropped and just as NG pricing rose with no way to reverse the ratio except drill more gas wells?
All ARX has to do is let her flow. Low cost NG wells all tied in and waiting. Pick your production.
GLTA ARX BULLS
Trapped wrote: Thanks for this observation, Bill. Now, get back to the salt mines over at the KEL board. So much pumping to do and so little time!
MyHoneyPot wrote: ARX just got approved to buy back 59,404,376 starting sept 6 for the next year.
That is about 5 million shares a month, so a buyback of 1.86 million shares is about 37% if their objective is to repurchase 5 million a month.
If they want to buyback 60 million shares in the year, they would need 1.5 billion in cash to fund the share buybacks.
Interesting
IMHO