AR - Antero Resources: Nothing Like Extra Transportation Capacity

• The excess transportation capacity that was thought to be a liability is now an asset.
• That excess capacity will now be a revenue generator instead of an avenue for more losses.
• Management caught a lot of flack for managing the company long term even though the strategy has worked well.
• Cyclical industries like this one have low visibility and uncertain supply constraints at any given time. It is a real gift to be able to manage all that uncertainty.
• This management is either very good or lucky depending upon who you talk to. Either way, I will stick with this management.

For further details see: