ARX Management has its head in the sand
Really do you believe that they bought Kakwa, with have full gas plants and no potential to expand the resouce.
Terry, just thinks Atachie is just as good, but do you know how many years, and how much capital it took to get Kakwa proved up, and to scale!
I think it is pretty stupid, Kakwa being the best play ever in the Montney, and ARX CEO after initally ditching it because of decline which all horz well have, said he had to fix it. What needs to be fixed is ARX management.
This is absoulately stupid, and Kakwa has never produced at capacity because ARX has robbed it to make investments in postage stamp plays like Sunrise.
Now their developing Attachie, with with type curves that don't tell you the cost for the wells?
Kakwa had lots of undeveloped land around it, and tons of 1/2 cycle opportunity.
You just cannot trust ARX management to do the right thing for the shareholder.
IMHO