The constant "bleating" of arq being massively undervalued has...

The constant "bleating" of arq being massively undervalued has been getting posted for a long time.
Has been considered undervalued by many ever since the sp went below $2 a long time ago.
As stated many times before,they need some successfull drilling and a build up of reserves,this is regardless of their good cash flow and low p/e etc.
In this market environment,it doesn't matter what good prospects might be getting drilled in the future,the market wants results from exploration wells rather than the expected results from development wells.
There has been a lot of hype and expectation concerning the upcoming canning basin prospects.
The market won't factor this into the sp until results are nearly out and that could still be some time away.
As for arq being undervalued,just take a look at Roc,with its china wells possibly being economic and also the huge potential in Angola in a short while.
None of this has been factored in to the sp either and yet Angola, imho,has a lot more promise than arq's canning basin.
And roc has fallen from about the $4.30 mark in 2nd half of last year to $2.85 today.
And you all talk about arq being undervalued lol
And just to rub salt into the wounds of most of the oilers,poo still seems to be heading south,hopefully it won't break $us45. in the next few months.