ARC Resources Ltd T.ARX

Capital Destruction

[MyHoneyPot]

Once you get the capital off the balance sheet spending it with share buybacks, it evaporates into thin air. I think the TOU shareholders like their $1.50 a quarter special dividend. 

Eric Nuttal strategy is dumb, because of the volitility associated with energy. He cannot model it, they if for accountants, and cfa that are detached from reality.  

The problem when the entire market backs off is there is "no safe place", however their is a physical demand, and the SPR's are spewing out at least a million boe a day.

Now will oil companies comply and just keep producing more and drive the price down. The physical demand should resolve this over time. However a nimble market guru should be able to trade around this mess. 

Really buying back shares for a company is just playing games, and it really distracts from operational performance. Arx is failing in both camps. 

IMHO

[Quintessential1]

Yup buybacks and lots of them.   You two knobs enjoy this low shareprice while you can. Q2 ER is coming.  The figures cannot be denied. GLTA Longs

[MyHoneyPot]

Q2 is coming and so it Christmas, i sold out at 22 and can now buy back 57% more shares.  Your strategy is brillant, it really adding value. IMHO

[angelnicky]

should wait until end of month when it hits 10

[Trapped]

So what you're saying is you passed on the quarterly dividend while generating a large tax bill that will be payable in about eight months. And now you'll likely miss timing the bottom so you can reload on a stock that you openly hate. That sounds like a way better strategy...

[MyHoneyPot]

Better to have a tax bill, then a tax loss. 

[Trapped]

Sorry, it's a long-term hold and I'm still up by a Porsche 911 or two :)

[Quintessential1]

Not to mention that it is neither a gain or a loss until you sell like he did and if he is a trader isn't it taxed as income? GLTY

[Trapped]

Yup! And I'm always amazed by all the geniuses with zero proof who magically announce when they've sold at the top and bought at the bottom. I can assure you he's not impressing a bunch of strangers on an intranet bulletin board... [2quote=Quintessential1]Not to mention that it is neither a gain or a loss until you sell like he did and if he is a trader isn't it taxed as income

[MyHoneyPot]

The top of ARX is 22.88 and the bottom is 13.83  so if you would of sold at the top and bought back in at the bottom, you would be up 65%. That is 65% upside you buy and hold advocates would never of realized.  My problem is that i have a pile of cash to redeploy but i am not going to do it until i understand the impact of the interest rate increase (Next Week) by the bank of canada

[Quintessential1]

Uh huh. MyHoneyPot (602) User Actions   June 24, 2022 - 11:29 AM 164 Reads Post# 34780418 You can all relax now, i bought back in couldn't help myself   Are they part of the 57% more? Investors invest.  Traders trade. GLTA Longs