Post by
Inktech on Nov 25, 2024 2:35pm
Another top pick n BNN
Keith Richard's made it his top pick today... I have quite a few shares myself been holding for a while... bought as low as $5.55.
But when to many people pump a stock I find it dousnt work out
Comment by
retiredcf on Nov 25, 2024 2:48pm
He's a technical analyst and here's his one word summary of why he picked it. He and his family also own it personally. First stock in the clip. GLTA https://www.bnnbloomberg.ca/video/shows/market-call/2024/11/25/keith-richards-top-picks-arc-resources-global-x-silver-miners-etf-and-berkshire-hathaway/ Arc resources (ARX TSX) Breakout.
Comment by
retiredcf on Nov 25, 2024 2:54pm
TOP PICK Arc Resources Ltd(ARX-T) 25/11/2024 61% natural gas, 39% crude oil and liquids. Just broke out, almost an anomaly in the oil patch. Exceptional chart; looks very, very good. After a beating in 2022, chart for nat gas is now in a holding range and at the top of that range. Yield is 2.4%. (Analysts’ price target is $31.50) Oil / Gas Keith Richards $26.82 Owned
Comment by
Quintessential1 on Nov 25, 2024 3:22pm
Did ya hear that puddin' pop. The technical guy says breakout and you and poo pot are missing it! GLTA ARX BULLS
Comment by
Trapped on Nov 25, 2024 3:41pm
Lol, didn't you hear, Quint? He's not really a bad investor; he's just trying to confuse us with his trading methods. Well, to that I would say mission accomplished!
Comment by
germtech1 on Nov 25, 2024 3:58pm
Between Keith Richards and Paul Bagnell not really on the ball whether Arx is a Oil or Nat Gas company. Paul B should of known since Eric Nuttal also made it his top pick last week and he detailed the company
Comment by
Trapped on Nov 25, 2024 4:08pm
It's a good point, Germtech. I think a lot of people have difficulty classifying this company. Could it be the liquids / condensate aspect has not been communicated effectively? Lumping it in with garden-variety dry gas producers would be doing ARX a disservice. Cheers and GLTA ARX Bulls.
Comment by
AlwaysLong683 on Nov 26, 2024 1:30pm
ARX 2023 production: 63% natural gas 37% crude oil and liquids
Comment by
Quintessential1 on Nov 26, 2024 1:59pm
Third Quarter Results ARC delivered third quarter 2024 average production of 326,768 boe per day (61 per cent natural gas and 39 per cent crude oil and liquids), in line with the third quarter production guidance range of 315,000 to 330,000 boe per day.