RE:RE:RE:RE:RE:RE:RE:RE:Vermillion compared to ARX Resources (Q3, 2024) Just NumbersFair enough; I accept those points.
But answer this: Why are Canadian bank analysts setting their average one-year price targets as follows:
ARX: Today ~$25.93
ARX: 1-Year ~$35
VET: Today ~$14.40
VET: 1-Year ~$18.50
What do they know that you don't? How is it that your judgement has been clouded for so long, because you've been wrongly saying the same thing for years? And can you be honest and state the real reason why you continue to unfairly criticize such a successful and accomplished operator?
Until that time, I don't think any rational reader will be able to take anything you say seriously.
MyHoneyPot wrote: Really I am constructive, I believe in some of the assets of the company and there is great potential in ARX.
However, Until they change their Management Strategy, improve marketing/hedging execution so it is competative, the stock is uninvestable because they are evaporating boat loads of capital, and then you have to listen to the rookie comments from the management (CFO) like if we didn't shut in the gas our corporate price would of been lower 20 cents, when it is already at the bottom of the barrell when compared to your competators.
Really if ARX is a table pounding buy the number should speak for themselves when compared with other energy companies. So using ARX as a basis for comparison should be fair game.
If ARX is an industry leader what should be the concern in regards to comparing its perfomance metrics with other energy companies?
ARX could very well take this kind of feedback in a positive light, and impove their marketing plan so they could put a press release like TOU that says what the floor is on their gas in 2025, and that their business is predictable and they expect better FCF in the future based on the hedges they have in place.
Nothing personnel, this is business, metrics, numbers and execution, not a personnel attack on ARX, it is a critique of their performance that is within their control.
IMHO
MHP