Q: I own both ARX and TOU for gas exposure. Both appeared to me to provide good results yesterday. Today, ARX up strongly on volume, TOU down strongly on Volume. What did I miss in the earnings of TOU?
Thank you very much for excellent service.
Thank you very much for excellent service.
5i Research Answer:
TOU did announce is was delaying some natural gas fracing due to low Canadian gas prices. It does expect a better market in 2025 to 2027. This caused a bit of selling of the stock on growth concerns.