Post by
Wildfury1 on May 25, 2021 11:29am
Oil over $66.00 ARX under $9.00
This stock is garbage, so much hype, so much BS from analysts with inflated price targets. Where are the big institutions? Low trade volumes=no interest or non confidence in management. I'm not accepting replies for patience, get out if you don't like it. You have to admit that there's something seriously wrong with the way this stock underperforms. Oil drops $3-4 late last week, ARX sells off, oil gains $5 since last week, ARX drops even further. Please, no replies are required, not looking to argue or throw stones.
Comment by
barneyj44 on May 25, 2021 11:38am
Take a look around , Tourmaline is down as well. All my Oil and Gas stocks are as the Tsx allows Naked Short selling.
Comment by
MyHoneyPot on May 25, 2021 11:54am
No i am sorry, NVA is up POU is up. These are liquids rich Montney condensate producers. ARC doen't know what they are any longer, Management wants to pursue 2% debt paydown in a hyper inflation enviroment. If you believe that, you might as well join management at the game farm. How is paying down 2% debt inteligent in a Hyper inflation enviroment?
Comment by
alta0264 on May 25, 2021 2:37pm
i think paying down debt is always prudent particularly for commodity producers who have little control over pricing, I also wonder if they are hesitant to ramp up production until some pipelines are actually completed. This is the situation that has always held Canadian producers back i the past, want and should increase production but constrained by takeaway capacity. Patience required.
Comment by
topdown99 on May 25, 2021 4:26pm
lmao alta0264 , patience is a limited commodity around here !!!
Comment by
powerlunchmoney on May 25, 2021 10:32pm
seems like there is a lot of noob investors looking for 20% gains per day or else "there must be something wrong with this stock" but please, "don't challenge my opinion, i can't handle a different opinion" Meme stocks are that way bruh.