Management should to be Aware....Projects like Attachie are not necassary and should not be considered high priority until the stock is trading at a reasonable evaluation. All the production that ARC has is sustainable and it can produce a sustainable dividen and Attachie is really a growth project, and represent futures in terms of evaluations.
If you are not recognized for your current evaluation, and are not paid for growing production why do it? TOU is growing production but in a oportunisit manner, when the opportunity arrise they puchase companies and assets and it is alway accretive immediately. Green field projects are never immediately accretive and usually not for a period of time. At this depressed share price management should only be investing in projects that are immediately accretive to cash flow, as the share prices do not represent the current value of the company, never mind an improved value once Attachie is brought on to production.
Every Analyst in the country is waving the ARC flag but it is meaningless until we get the share appreciation and meaningful Share holders return, the companies evaluation should be at the TOP of managements check list. It gives them so much more fiscal flexibility when their shares are a currency that are properly valued, and options to make investment that are immediately accretive. What what TOU does and learn Arc Management.
IMHO