Post by
MyHoneyPot on Jun 07, 2022 10:55am
Special Dividend?
Listening to Eric, it really does sound like he is super bullish on the management.
It sounds like ARC has no plan to raise the dividend.
It also sounds like a special dividend is in the works?
We will have to see.
Eric says any companies he holds will not be highly hedged, the balance sheet should be the hedge.
IMHO
Comment by
Sunsurfer12 on Jun 07, 2022 12:20pm
Also think the special divy will be thier go to strategy to maintain flexibility...kinda hurts the long call options strategy though since excess cash will be removed from the balance sheet to investor hands...either way feeling pretty darn good these days
Comment by
MyHoneyPot on Jun 07, 2022 12:25pm
It does reduce your strike price if your on the buy side. IMHO
Comment by
Sunsurfer12 on Jun 07, 2022 12:57pm
oh thought you were already into the Jan 23's
Comment by
red2000 on Jun 07, 2022 1:04pm
Suddenly, Honey Pot is happy ! ;) I'm glad to see that ! ARX is so undervalued as Eric said, so market now start to see the full reserves not only the past annual production !!! + 20 years of reserves with a high margin !!! Debt falling, O/S falling ! Simple math !!! Stock go higher !!! My call : probably 25$ after Q2 results !!! GL Longs !