If ARC Management were Smart.....
They would tell the investment community they saw an opportunity to transform ARC into the leading liquids condensate producer in the country and that is what they did.
That with condensate at 67 dollars US, we can expand our strategy to do both, pay down growth and improve out production as the #1 condensate producer in the country.
We can hedge out to reduce the risk while are well costs are coming down, and out return on investment is predictable,it is improving, and we can fix in high returns.
We expect to smash our guidance numbers as there is no reason anyone would curtail liquids production when condensate is trading at 67 US or 81 canadian a boe.
Condensate is our number #1 priority and likely 70% of our revenue will come from condensate in the forseeable future.
This is the kind of message management should deliver tommorow, we will see what we get.
IMHO