RE:This stock is going back down belowSorry, you lost me at renewables. Dead money.
Yikes, where do all these "world is ending" guys come from? Doom and gloom aside, oil won't even come close to peaking for decades to come. But the prevailing narrative and endless virtue-signalling means there will be less investmtent in new production, which will only drive prices higher over time.
ARX is going in one dirction long-term and that is up. Let's not forget about those incremental 40,000 BOE's / Day coming online in the next few months. It means an instant re-rate with no new shares issued and the Capex spent in (what will be) last year's production budget.
Good luck though, you're going to need it.
coolfooldumbguy wrote: The price of $ 20 per share in the coming months so that it will not be making any profits for you shareholders.You guys are gamblers.This company was a good buy for me back in the year 2020, because it was around $5 per share,and it was time to sell it around $25 per share a few months ago, but the markets are moving into other types of energy like renewables and hydro and uranium and utilities and gold. The fossil fuels are so yesterday,my opinion only,so good luck to all of you shareholders (suckers).