RE:What the F### ?I am unsure about the Q2 numbers, as i really don't have confidence in the 18 month tenure CFO that also thinks he is the COO of ARC resources.I am afraid he has hedged to much future upside away.
The difference between ARC and companies like Toumaline, is that Tourmaline know how to use all their levers at the same time as well as their share price and balance sheet. They do acquisitions that are accretive, they keep the balance sheet in check, they are agressive, opportunistic, and for that they are awarded a share price that reflects the value of the company. They have demonstrated that can make acuistion over and over again that are accretive, and that increase the share price. Arc does not have that talent in management with their junior team.
ARC management is really not that smart, the CEO and the CFO are both rookies, and they have a 2% mindset.
Pay the shareholders 2% dividends, pay off 2% debt, and reduce Kakwa declines by 2% anually. Lofty goals for one of the largest Oill and Gas companies, hardly. The managment team does not know what they are doing, and the build out of Attachie is laden with high capital costs commodity risks and execution risks, capital risks, and commodity risks. However they claim this is a risk mitigation strategy, what a bunch of JOKERS. Ha Ha
The difference between Tourmailine and Arc is in Tourmaline you have an A+ management team. At ARC you have a 18 month superman CFO and a CEO that is resting are the larals of his predecessors.
This discount in arc share price is not because of the Asset base, it is the void in intelligent management, and a failure to get a fair evaluation in the share price, which has destoyed ARC opportunity horizion and the ability to use shares as currency. Their goals are to small and their plan is to risky, non oportunistic, and simply it would be better to have no plan, the current plan is nothing more then what any company would do in the course of daily operations.
ARC resources is managmeent deprived.
IMHO