Q: ARX ,good entry point ? general comments and opinion ,many thanks
5i Research Answer:
ARX is a well priced (9X earnings) solid oil and gas producer (more gas than oil) with a decent outlook and dividend (2.87%). It is up 2% this year but the sector is up 4.5%. The balance sheet is relatively strong and 15% growth is expected next year. We think management is good. Not hugely exciting, but solid, and for sector exposure we would be comfortable owning it.