RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:5% Production Increase based on share buybacks (YTD 2024)Investing is where i do well, and ARX is not investable in my opinion it for the herd.
It wasn't bad enought that they had a dismal corporate gas price $1.78, they effectively have zero in term of gas marketing because hedging and gas marketing go hand in hand.
Did you listen to the confrence call that said if they didn't shutin Sunrise their realized gas price would of been lower OMG. So not only did they get one of the worse realized gas prices, it would of been worse if they did not shut in sunrise, dismal performance.
Really with AECO gas a .59 cents should a gas company is squandering their capital.
It is not to exciting of you base the price you charge for LNG exports off AECO, likely one of the cheapest supply points on the planet, sounds dumb to me, shell made out like bandits on that one.
They could of just as easily shut down all assets, lay off the massive staff, and Just produced Kakwa and they might of been even more profitable.
ARX is not investable with the current management and they do not have a risk management strategy, look at the price they realized this quater, dismal for a company their size. $1.78 mcf.
ARX is not investable in my opinion, all i would do with the stock is day trade it. Their share metics are two low, and they are evaporating capital into the atmosphere with their share buybacks.
IMHO
MHP