Attachie is of More Concern then Shareholders
The word on the street is that internally Attachie is approved and it is despite the following facts.
Share holder dividend have been slashed to the bone.
They have not met their debt objectives yet.
Attachie has an unknown and uncertain future under Treaty 8 concerns.
They have 3/4 of a billion of infastrucutre idling
They have 40,000 boe of half cycle economics production sidelined at Kakwa.
The deal will be approved in August, and it makes no sense and that Slasher CFO, will throw good money after bad.
ARC is more concerned about pursuing their pet projects, then returning capital and optimizing the half cycle production that exists today. Attachie approval will be announced in August.
IMHO