ARC dividend was not sustainable, poor managementLast time we had oil and condensate prices in the mid sixties VII generations was trading for 20 dollars a share. Time to ditch arch and go forward with a real divided and not a measly 6 cents a quater.
I hope the VII gens CFO saw how he can shave about 40 million off their debt with some good paper like ARC is looking at for bonds.
Vote No twice, dump your arc shares and buy VII generations shares. Hopefully inflict the same pain on the management of ARC as they are inflicting on the shareholders of VII Gens.
Poor deal
Vote No
IMHO