A Divvy has got to be coming
Management surely can not find any more ways to waste capital that will impair shareholders returns.
You can hardly call what arx gives out as a dividend, when i can get 4.5% GIC rates.
The are no more unsanctioned project in NE BC, and it going to take another year or maybe two to get anything sanctioned.
At Kakwa a lot can be done with just a little more capital, they are going to finally stop sitting on their hands.
So management needs a wins, they messed up everything they have touched. The way to get an easy win is to pay out a special divvy.
Really with periods of 120 dollar WTI and 9 dollar U.S. gas do you really think there will be many better opportunities to pay out a special divvy?
I think a specila divvy is the only thing management can do that the likelyhood of them messing it up is very small.
IMHO