Kakwa has diminished value in the hands of Arx Management Do you really think the best use of capital is to buy back shares, while Kakwa gas plants are no where near full, and there is tons of potential there.
Do you reall think VII Generation had no plan for growth, infact they may of been to agressive on the growth front. Kakwa has produced significantly more historically and it seem to me like anything except grow production at Kakwa from this management team.
That anything includes.
- Million of dollars squandered on dry gas postage stamp play called sunrise.
- It includes draw a line around a number of other postage stamp plays to fool investors into thinking they are a major play area.
- It includes billion wasted on share buybacks will the plants at Kakwa idled without resouce to process.
- It include sitting on your hands wells NE BC was shut down, and no wells were being drilled.
- Now a huge Attachie capex cycle were they will not tell you the well costs, but the rock is harder and the spacing a lot wider, but they tell you its the same at kakwa but no one know the well costs.
Dead money that is the word on the street.
IMHO