Post by
MyHoneyPot on Sep 19, 2024 1:07pm
Events that will be significant for Arx
1. LNG Canada - 95% complete
2. Sunrise Restarting - 250 MMcf
3. Attachie Rampup - Q4
These events will drive the stock higher.
I can see the economy picking up as well with futher fed rate cuts.
Arx has bought back roughly 130 million shares, of the original 723 million share, current outstand share as of june 30 approx 597 million.
Arx issued 370 million shares to buy seven generation. That leaves them about 240 million shares left to repurchase. Or about 5.3 billion dollars of FCF if the share price were to remain at 22 dollars.
So my question is what is the percentage of options/performance shares do insiders hold and if your going to reduce the share count by 51% is the company going to reduce the insiders options percentage by 51%?
Is this the incentive to direct all the FCF to share buybacks?
Recent share buyback have been at prices over 26 dollars, that would make the cost to buy back the remaining shares well over 6.2 billion dollars.
Realisticly how much will this plan ultimately cost the company, because as they buyback more shares in theory the price will get higher.
My question is this really a costed, thought out strategy, or as the share price increase does it continue to make the time line longer because it will ultimately cost a lot more than 6 billion dollars to buy back the remaining 240 million shares to meet their objective.
How long until the buyback of more that 6 billion dollars worth of shares?
Do insider option counts get reduced by 51%
Is this plan fully costed with a real projection of the ultimate cost to accomplish this?
IMHO
MHP