Vote NO - Share Price will Pop to 12-15 ImmediatelyThe ARC strangle hold is crushing the share price and potential of VII generation with no consideration for long term share holders
Thursday condensate traded for 66 US a boe Friday it traded for 68 US a boe, condensate is trading for roughly 86 dollars a boe so 1 boe of condensate is equal to roughly 5 BOE of gas production.
So AR produces 30,000 boe of oil/condy - Vii generations 66,000 boe a day
so the 36000 boe of condy extra, multiply that by 5 this is 180,000 boe ARC gas production, however arc does not produce that much gas.
So VII generation Condy production is worth more by itself then all of Arc Oil, Condensate and Gas and NGL's production.
So the deal give no value for VII generation gas production or its NGL production.
The deal is terrible vote no.
Stupidity.
IMHO