Is Antero Resources Stock a Buy?
Shares of Antero Resources (NYSE: AR) have lost more than 96% (ouch!) of their value in the last five years and are now trading at $2 a share at the time of this writing. The natural gas and natural gas liquids (NGL) specialist has been caught between a proverbial rock and a hard place. It needs to keep production up to fulfill its pipeline commitments, but prices are so low that it just isn't profitable to do so.
Barring a miracle turnaround in the gas industry, is there any hope for Antero? Let's take a closer look and find out.
The gas industry is underperforming as prices tumble. Image source: Getty Images.
Source Fool.com
