AWE is trading at $3.46 and it produces 20400 barrels of oil per day.
Arq is trading at $1.14 and it produces 8,466 boepd basically 41.5% as much as AWE.
If ARQ traded at 41.5% of AWE's value then it should trade at $1.43 yet it is trading at $1.14 ish.
That, on my very crude and probably unacceptable analysis, means if ARQ increased by 25% then it would be at 1.41.
Naturally, you would need to look at the size of the reserves and drilling program if you did this properly so don't rely on my analysis for buying purposes.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held