RE:RE:5% Production Increase based on share buybacks (YTD 2024)It is easy they can buy back 40 million million dollars worth of share and increase production per share 2% compounded every quarter. They don't have a bloated float and only 155 million shares.
The FFO was 275 million last quarter and ARX FFO was 592 million, and their market is 2 billion and ARX is 15 billion, it a screaming buy, way undervalued.
VET has FCF of 154 million Arx had FCF of 134 million. (More FCF than ARX)
On the right side of LNG, ARX is going to sell gas based on AECO contract for LNG canada, roughly have of VET gas is sold at $15.52 in europe, they are at the right end of lng shipments the receiving end.
VET has increased Production per share by 5% this year, just from buybacks.
Vet has about 15% of the market cap of ARX and out performing by every measurement.
IMHO
Trading at a huge discout, and almost half the FFO of ARX and