Post by
Wildfury on May 06, 2021 12:23pm
ARX VS TOU
Based on current WTI prices, oil & gas production, ARX should be trading at $12-$16 compared to TOU which is $28 plus as of today. Good earnings report, guidance could be better IMO. I don't expect this stock to climb to $14 overnight but still under $9 is not acceptable. Let's turn the clock back a few years, ARX was close to $30. This should have opened minimum $9.50 per share this morning and headed for $10 at the close. No dividend increase at all, should be at least 10 cents. No share buy backs, no insiders loading up=no confidence in managements logic.
Comment by
smocher on May 06, 2021 2:25pm
Volume needed, 7 million of 700 million is peanuts, but a start. No BIG buying YET. JMO Smocher
Comment by
Wildfury on May 06, 2021 3:39pm
Agreed, maybe a 1-2 reverse split would help. The stock has 724,000,000 approximately outstanding shares, under 500 would be ideal.