Arx is a buy at these levels...Bought a few shares yesterday, $22.69.
I believe it is an opportunistic time to buy in !
1. Last quarter with a turn around lower production.
2. One week before Ex-Date Sept 27, lower price.
3. Sunrise 250 MMcf shut in, poor market gas sentiment
4. Attachie Ramping up (Some new production)
5. A large amount of shares bought back, (should be some torque)
6. LNG Canada should be starting up soon (95% complete)
7. Realitively unhedge and should participate fully in Commodity upside.
8. Interest rate cut and more people coming into market.
Q1 2025 should be a big quarter for Arx, and finally Attachie full production phase 1.
Arx is at a bargin price
Here for a good time
IMHO
MHP