RRC - Antero Resources Has A Market Value Equal To Its Antero Midstream Holdings
Antero Resources (AR) presumably ended up with some cash from the recent simplification of the Antero Midstream (AM) structure. That cash combined with the value of the Antero Midstream common share holdings makes the assets associated with Antero Midstream nearly equal to the market value of the stock. Investors can buy the gas production business through a common share investment cheaply.
Source: Antero Resources Howard Weil 47th Annual Energy Conference March 25, 2019
Antero Resources received $297 million from the simplification of the Antero Midstream ownership structure. Basically that means