Highly unlikely arq will need equity funds. they are taking a 6 month break precisely to let funds build up so they are not always under a squeeze. as someone pointed out, ideal time for corporate activity maybe.
one of the interesting points i pulled out of the psa announcement is that they appear to have an as yet undisclosed forward drilling plan. the only wells to date are the two in june. the new announcement alluded to wells planned for later in the year.
PSA know the gom very well. i interpret the announcemnt as good news
i hold both arq and psa. there are interesting similarities between the two (undervalued based on current reserves, no value given to blue sky, huge production cash flows, large $ stakes by management). easily, imo, the best two oil/gas stocks in town.
By the by, Stu is drilling two very interesting wells in the cooper basin in june with coe. Another company at a discount to oil production.......
Highly unlikely arq will need equity funds. they are taking a 6...
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