Tourmaline Full Time do M&A transactionsBlack Swan was just another example of how TOU can increase cash flow, increase production and execute accretative deals on the balance sheet, with NO cycle economics, just smart business leadership.
GREEN FIELD PROJECTS Green field project with no shareholder returns for likely more than 5 years our out of favour and are not considered VOUGE.
Arc needs to understand they are competing with TOU who now with Topaz is pursuing full time asset royality and asset monetization deals. They will be left in the dust with current managment 2% strategy and frankly with a 18 month new CFO and a newbie operational engineer as President they are simply
out classed. Tourmaline is an engine and doing deals every month, and all that will be left for companies like ARC are the table scraps, or they will start over paying for assets.
This is the enviroment we are in, i wonder when ARC management will wake up from their afternoon naps, and get out of their rocking chairs.
Breaking News Breaking. #Oil demand surge is now happening. screened >2 mm passengers for 1st time since March 2020. Still 26% lower vs 2019, but 1.5 mm more than 2020. Reinforces key oil theme supporting >$70 price - the demand surge is now happening. #OOTT https://www.tsa.gov/news/press/releases/2021/06/12/tsa-surpasses-2-million-daily-travelers-screened ARC Presentation
It looks like a presentation put together by a bunch of accountants, i want one that looks like a real oil company, one like tourmaline, with real maps and real infomation. No the Laural and Hardy show.
IMHO