A Calgary-based junior driller that finds and pumps oil in Colombia's Llanos basin and Western Canada, selling crude to global markets. Think of a small independent fishing boat versus the big trawlers.
Money comes from selling oil and gas, with gross margins around 56% TTM but net margins thin at 4.78%. Revenue is recurring while wells produce, but each barrel's profit swings with commodity prices.
No unique assets or contracts protect Arrow from larger players like Ecopetrol or Parex Resources, who can outbid for land and talent. Oil is a commodity, so buyers don't care who pumps it.
