RE:RE:RE:RE:RE:Who is listening the the Market at ARX?Trapped, i am sorry your gains are so small, maybe if someone unlocked your padded cell and you engaged with knowledgeable people more often, or if you knew anything about oil and gas you would understand that. However the problem is not my analysis, or my numbers, or my disappoint in managements objectives. You are part of a montley crew, you guys should change your handles to (Larry, Moe and Curly) or (Joker1, Joker2, Joker3)
The problem is that you don't understand anything that i am talking about. It is all over your head, sorry to say that but it is true.
How much opportunity have we lost with this managment team, with their 2% pursuits. The most economic play in all of canada that are under capitalizing, and under utilizing billions of dollars of infastrucure, stranding billion of dollars in reserves, and tarnishing the image of 78% of ARC's liquids reserves. ARC with miscommunicaiton, in this high price enviroment, the real concern in a 40% yearly decline well should be payout, but if it make 5X you investment in this enviroment what are you persuing, what is you objective. Do you really think it matters if you get 5X your money back.
Say it like this, the wells decline 40% in the first year, but by the the end of the first year we have got our money back 2.5 times. That is more accurate than the picture management is painting.
IMHO
The Kakwa flag should be waved, the most condensate reserves in the entire country, the most predictable play, a well equiped engineering marvel of a field delivery system. Instead management talked about 40% yearly declines in wells that pay out in 2 months at these prices.
If you think management is performing in an inteligent manner, well that is the problem, to that end my conclusion is that you both are DUMB.
IMHO