AR You Ready? Why I'm Super Bullish On Antero Resources

Leo Nelissen
11-21
  • Antero Resources excels with its export-focused model, operational efficiency, and substantial reserves, positioning it well for tightening natural gas markets and potential price increases.
  • Despite negative free cash flow this year, AR's potential for substantial free cash flow at higher gas prices supports aggressive buybacks and a Strong Buy rating.
  • The company's unhedged production strategy adds risk but is mitigated by a strong balance sheet and disciplined capital spending.
  • AR benefits from significant pricing tailwinds with 75% of its natural gas and half of its NGLs exported to high-demand markets.

DenisTangneyJr

Introduction

It's getting cold.

A few minutes before I started writing this, I took the first walk with my dog in the snow. This is the first walk through the snow in at least three years, as we were blessed with

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