Post by
MyHoneyPot on Nov 05, 2021 12:43pm
Shareholders Under the Bus
ARC plan is dismal.
$115 million at Sunrise, with no return to the shareholders in 2022.
A 115 million dollar spend on dry gas. (Sunrise another postage stamp pet project)
Look at POU presentation and see the wells drilled in Karr, which is is adjacent to the ARC Kakwa, thise wells are projected to return 7 times the investment. Ramping up Kakwa would immediately have a positive impact on CF, Production, etc
Add 80 MMcf of dry gas, that they likely sold for 2 dollars a Mcf to Lng Canada, will not make very much dough.
ATTACHIE
$75 million spend on a project that is not sanctioned or approved by first nations, just shown ARC management and desperation to get this project going that has been on the books for years.
Shareholders are at the bottom of the barrel, and if you listen to management they gave you 24 cents if you include share holder buybacks. Now they are spend you money for you rather than giving it to you.
50-80% of nothing left over is still nothing, that what shareholders will get.
POOR POOR Management.
Arc shareholder will be lucky if they dividend ever returns to is previous level of 5 cents a month.
Will management ever learn to hedge in a share holder responsible manner?
IMHO
Comment by
Trapped on Nov 05, 2021 1:59pm
Have you seen today's market reacton to their Q3 results? I'm extremely happy to be under this bus... Now get lost!
Comment by
Quintessential1 on Nov 05, 2021 2:26pm
I am also happily hanging onto a hot muffler. Congrats again LOL!
Comment by
downwithdotcom1 on Nov 05, 2021 3:23pm
Only a TOTAL MORON would post negative comments about ARX today..recognizing its THE SAME RANTINGS by the same loser begging for any kind of attention.. It's nothing but baiting and it's really quite pathetic ..I also suspect it's aliases are also just as annoying..dwdc