Why is the Arq share price dropping? Would it not be the same reasons other posters tried to articulate at higher prices previously on this thread? I would look for exploration success and a growing reserves base as key to any oiler in an uptrend. Cash in the bank didn't help COE until they signed up an international deal. I say either look for growing profits (Arq production is forecast to be flat) or blue sky. It would appear the market sees neither in ARQ.
If they get some exploration success it may help on both fronts and create a bit of excitement.
I'm sure the drop in the price of oil over the last months hasn't helped.
two for the price of one, page-9
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