TSX:ARX - Post Discussion
Post by
Quintessential1 on Dec 14, 2023 4:39pm
richard has his head up his richard
Really do you believe that they bought Kakwa, with have full gas plants and no potential to expand the resouce. half They bought it so it would finance Attachie and pay for itself. Its working 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! Nope but I bet you do and thanks for that richard. It was like taking candy from a baby! 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. Attachie is 60% condensate and NGLs. That is about as good as it gets. 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.
Do you want to know who I think is abso-LOL-lutely stupid? Now their developing Attachie, with with type curves that don't tell you the cost for the wells? They're (they are) pretty sure they will recoup all the phase I capex in 2027 at US $50/B WTI and C$2.50/mcf AECO. We both know they get way better pricing than that but 2027 seems good.
Kakwa had lots of undeveloped land around it, and tons of 1/2 cycle opportunity. Good to know. They'll (they will) get on that when they're (they are) finsihed with Attachie. You just cannot trust ARX management to do the right thing for the shareholder.
Oh, but I can. Triple the share price and ten times the dividend in 2 years!
Only a richard would not like those kind of returns.
GLTA ARX BULLS and F richard I and richard II
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