RE:ARC Resources 18-063-03W6/00 KAKWA TRmontney (10-OCT -20)What's the plan / end game MHP?
I like (and agree) with a lot of your analysis, but what are you planning to do?
Sell ARC? Hold? Swap for another name (CREW/KELT) - two gems in my opinion and time will continue to show this.
I hold ARX and will continue to. Not impressed with mgmt though, they're dull and the strategy is ultra boring.
At a minimum, they need to lift the dividend.. announce some news and a dividend increase, that's what WCP and other good mgmt teams do.. shows confidence in the news they're announcing.
Terry is a dull guy though.. looks more like a featherweight boxer than a CEO.. maybe he can fight Floyd Mayweather next so at least we get some entertainment.
MyHoneyPot wrote:
On stream since Oct 10,2020
182,000 boe .7 bcf of gas. 217 days
182,000 * 75 = 13,650,00 62 dollar U.S. Oil
.7 bcf 7*3 = 2.1 million dollars 3 dollar gas
15.750 million dollars in the first 217 days of operations
This well was still producing at 506 boe/day of condensate, and 2.5 mmcf/day of gas after 217 days.
Todays Prices
182,000 * 85 = 15,470,000 + 2.1 million gas = 17,570,000 first 217 days
This well would still continue to produce at 506 boe/day of condensate, and 2.5 mmcf/day of gas.
This is not even one of ARC wells that is on the top Montney well list for the Past 12 months.
Kakwa should be priority until the plants are filled, half cycle economic. Amazing economics unparraled in the industry.
IMHO