Tell Arc to leave VII Gens alone and take a long walk of a short plank....
Arc pays a measly 3% dividend, relative to it share price, a dividend it just recently had to carve back, they had been paying it off the balance sheet for simply to long, it was not sustainable. So the share price is trading at 33X the value of the dividend.
VII generation can easily pay a 1.50 in divident, and it would still have 500 million a year to pay down debt. Good compromise pay the share holders and pay down debt.
At 1.50 dividend using ARX dividend multiplier the stock would make VII generations a 50 dollar stock on its own, without the ARC baggage.
VII generations forward anual cash flow would equal your their current debt.
You funds flow would be in the 1.7-1.8 billion dollars range
Your FCF would be in the 1 billion range.
STUPID DEAL to Merge Arc with a real liquids producer VOTE NO.
Condensate was trading for 66 U.S. yesterday, today it will be 68 U.S or about 86 dollars Canadian, that is equalivent to 5 boe of gas in the 3 dollar range.
ARC and VII generations are not equals..
IMHO