ARC is way to Cheap
With TOU trading at 43 dollars, and ARC with double the condensate that TOU produces, i think ARC should be closer to 20 then 15.
Condensate is not trading at around 95 dollars canadian, so with kakwa getting destroyed in value by ARC management, my own concern is how much damage they will do? How much upside will they sell off in terms of transportion to meet objectives that are really no longer relative.
Kakwa last quater only utilized 443 MMcf of the 1010 MMcf of plant available, ARC management asleep at the wheel has missed a lot of opportunity for shareholders.
ARC should be trading at 25 dollars and TOU should be playing catchup.
IMHO