Market's view on Arrow Explor.
Published on April 2024
- Since its October 2021 IPO in London, Arrow Exp has achieved a 272% return, significantly outperforming the FTSE AIM ENERGY INDEX which saw a 59% loss. Arrow Exp projects a continuation of a 70% CAGR into 2025, supported by its low risk, low cost infill drilling programmes and stable oil prices around $82.50 over the past three years.
- Arrow Exp’s share price is expected to continue rising in the coming months, and it is considered as one of the top stocks by stock watchers.
- Arrow Exp shared an update on the CN7 drill via Twitter.
- There is a positive outlook towards the start of Horizontal Wells (HZ wells) in the upcoming month.
- Arrow’s board retains valuable Colombian expertise and connections even after Gavin taking shares from Canacol, which will aid in maintaining smooth permit processes in Colombia.
- There is a discussion on Arrow’s recent transaction where shares were bought for 18.5p and the selling price reached 22.5p later, resulting in a significant paper profit. However, there are concerns about the ease of obtaining permits without Canacol’s influence.
- Canacol was forced to sell its stake in Arrow due to balance sheet stress. The new stakeholder, an industry veteran, is expected to bring valuable expertise and investment, which could lead to positive developments for Arrow.
- The sale of Canacol’s shares to an institutional investor at 18.5p is considered a good outcome for Arrow, resolving a market overhang and likely bringing stability and attractiveness back to Arrow’s shares.
- There was a significant institutional buy of Arrow’s stock at an 18.5p price, viewed as a bargain just before the company progresses to a higher level, despite Canacol’s financial issues.