RE:RE:RE:RE:RE:RE:RE:RE:5% Production Increase based on share buybacks (YTD 2024)I sold it all, i trade all the time, every day. My job is my hobby, my focus is trading oil and gas stocks.
Arx is a good buy for the herd analyst that know nothing, and with the share buybacks by the company there in momentum in the trading, it is a good stock to trade, not a good stock to own for value.
VET is worth more than double what it is trading for, they are hedging gas in 2025, 2026, and 2027 at 15 dollars and are at the right end of the LNG curve. Buying vet i alway know the direction of the stock, and a lot of smart hedging is ongoing.
Companies that sell into LNG markets (LNG Canada) like ARX but use AECO as the reference are stupid!!. The need to wake up to world energy markets. 15.52 mcf in Europe.
Arc is good for day trading, when it get sold off there are enough investors to buy in the next day to make a good trade.
Last quarter 70% of ARX revenue came from Kakwa, i would value the company like this 12 billion for Kakwa, 3 billion for everything else. Management from ARX should be replace and run it like a business, Kakwa could produce 240,000 boe day and sell off the rest of ARX assets and you would be much futher ahead.
Arx has no hedging or real gas marketing strategy because they go hand in hand and destroyed last quarter results with a significantly reduced gas price when compared to TOU, and nothing short of dismal when compare to VET.
I sold all my arx shares, ARX is a day trade for me, it on my radar i pop in and out, but don't see any value.
IMHO
MHP