As The Kelt Board Turns In today's episode the poo pot posted:
"I have looked at some companies that in mid August were buying back their shares at close to all time highs to find they share have closed down 17.5 percent as of last Friday."
ATHs huh. Moron. 52 week highs? Maybe.
Kelt should be buying back shares after all they are close to 52 week lows. LOL
He then goes on to say:
"If they want less shares do a 2:1 consolidation of shares, rather than evaporate shareholder capital"
Yup. That shows his understanding of how corporate share structure works. Tool.
Anyway after that little gem he goes on to praise his stock's value by stating:
"In the last month Kelts share price is marginally down, about 4%"
Yeah its hard to fall too far when you're already stting on the ground. LOL
Now if you are ARX and just came off making 52 week highs its easy to fall about 3%. Yeah that is actually how much they are down over the last month.
Less actually. Here have a peek.
https://www.google.com/search?q=arx+energy+stock+tsx&rlz=1C1CHBF_enCA874CA874&oq=arx&gs_lcrp=EgZjaHJvbWUqCAgAEEUYJxg7MggIABBFGCcYOzIJCAEQRRg5GIAEMgwIAhAjGCcYgAQYigUyBggDEEUYOzIGCAQQRRg8MgYIBRBFGDwyBggGEEUYPDIGCAcQRRg80gEIMjg3MWowajmoAgCwAgE&sourceid=chrome&ie=UTF-8
But even with that drop ARX YTD SP is out performing Kelt's YTD by double!
And ARX pays a dividend which makes it triple the ROI of Kelt this year.
BTW Kelt is down 26% from 52 week highs ARX 15% (and they pay a div)
OK room for one more - poo pot says:
"Oil companies do have capital investments sometime in terms of drilling, you can have cash in the bank or perhaps in a highly productive gas reserve (DUC) with the intent to bring it on when prices and hedging will support the production economically. There is strategy to all this drilling, its not done without consideration for cashflow and enterprise risk. "
He also says:
"Well i don't think i was wrong about ARX and it is a poor investment.
Sunrise the dry gas meca of N.E. BC is shutin because of the poor economics of gas, poor investment decision"
That's called talking out of both sides of your mouth and the poo pot is a pro at it.
Anyway I have no problem with the pull back on commodity pricing.
All the E&Ps did.
EASY HOLD ;-)
GLTA ARX BULLS