RE:VET Vs ARXVET is one of the most undervalued O&G companies in the market.
Investors don't realize that 62% of ARC production in Q3 accounted for 19% percent of their sales. This number would of been more off side if ARX had not shut in 250 MMcf of production from sunrise.
To the credit of VET management they did not buy Westbrick by issuing more shares, Vet over the last 4 reported quarter VET generated 750 million in FCF.
Vet brought on 1855 boe of production in Q3 in Croatial (Gas) they sold the gas for $94.59 a boe in the third quarter ARC realized $1.78 a mmcf for gas or roughly $10.68 a boe. So Vet sold their Croatia gas for 8.85 times as much. Effectively bring on that 1855 boe of gas in Croatia, had the same impact as ARX producing 98 mmcf of gas or 40% of the sunrise project.
Vet is trading at a huge discount and it will be obvious after the 4th quarter the bargin basement price of the stock. (The stock should trade significantly higher)
It beats Arc on every pershare metric. FFO, FCF, etc...
IMHO
MHP