TD Energy Conference
Another dismal showing at this investor confrence. The only thing that made it better was the CFO did no attend.
When asked about well results and type curves for Attachie, he skirted the question and no real answer was given. He just said Attachie and Kakwa plays are very similar, it was pretty well the same as Kakwa, ha ha, i will never believe that for a moment. Then why not fill up your half cycle capacity that exists at Kakwa?
He did have an attitude adjustment regarding Kakwa, and so that is positive. Howver i have asked
Aaron Bilkoski
to contact Terry and get him to cofirm the number of half cycle barrel he is leaving stranded at Kakwa.
400 million (Blowing in the Wind)
Attachie may start out being a bigger money pit then we all thought possible, he is talking about accelerating 400 million in capex spending more money up front. The Attachie black hole money pit has started, so now the project could get 400million in capex upfront. More than twice the anual dividend of a ARC shareholder. So now you know returning the dividend to the previous levels is low on management list.
IMHO