uncutgems wrote: They won't be buying CREW. they won't be taking on MASSIVE undeveloped resource and even MORE DEBT, when they can't even get ATTA off the ground and can't even grow KAKWA withing cash flows.
Let me repeat. They won't be buying crew. The last deal they made buying 7g has been a disaster so far. you don't go out and buy again with the 7g disater fresh in the memory.
this company needs to PAY DOWN DEBT
this company has to get a handle on the KAKWA
this company need to get ATTA off the ground
they've been PROMOTING ATTA for years now and
they can't even get a shovel in the ground there.
wake me when they buy back even one single share. I will gladly say I was wong.
MyHoneyPot wrote: Sorry Trapped, you thinking limits you...
When you have 4 or 5 postage stamp plays in one area and put a circle around them and call them Dawson, it really more of the same but you don't have a meaningful land base in any one area of that play so that it can stand alone on its own, or maybe better when you have a single play area that produces twice the boe's, with 60% better cashflow per boe like Kakwa, you don't know what to do and your out of you league. Really ARC's play area that make up Dawson are small, that is why there is desperation in management is trying to sanction Attachie, because Arc play areas are really small potatoes, and does not represent the same type of material returns that Kakwa does.
The NCIB today is a clear signal that Attachie is delays, thank goodness. I am good with delay a project with unproven economics, and unknown resouce, no published type curves, treaty 8 issues circling the campfire, and full cycle development, and a capex black hole.
Crew may be a better decision, they only have a 300 million dollar market cap, i will have to look futher into it, cheadle idea i will give him full credit. They could purchase with cash as they really don't need more shares out there.
The stars have more to do with Arc's success then the management, Treaty 8 will force management to do the right thing and ramp up Kakwa and produce meaningful cashflow, that will ultimately be so significant that management will be forced to reward the share holders.
IMHO