Post by
MyHoneyPot on Mar 13, 2023 11:32am
Buying Time
I bought more this morning, as i lightened up on my porfolio going into the Fed Rate announcement this week.
ARX is simply way to cheap, and will beat TOU in Funds Flow and Free Cash Flow in Q1, by a significant amount, while being less than 1/2 the market cap of Tourmailine.
The reality is that ARX is 40% liquids, and kind of in a space buy itself, and the value of a liquid boe is double that of a gas boe, and their netback in 2022 which i would call a year of great gas prices were still 60% higher on a boe basis than Tourmaline, isn't TOU the top operator in the gas space?
So mispriced, misunderstood, and undervalued.
Today is a great buy day, because it has nothing to do with the fundemtals of ARX, it is simply a buying opportunity.
IMHO
Comment by
Squint1 on Mar 13, 2023 12:49pm
Take a look at TDW and other bank analyst reports for TOU and ARX. They don't agree with you on cash flow projections for Q1.
Comment by
MyHoneyPot on Mar 13, 2023 2:04pm
All I can say is that is think they are wrong. 2022 was the year for great gas prices, now it 2023 liquids rich companies is the place to be. Gas prices are down significantly and so will TOU be, it is already. IMHO