How much Money is ARC Loosing? With over 500 MMcf sitting available at Kakwa, and management slowing down the #1 condensate play in North America, with best economics in exist, how much money is Management loosing.
- How much better would the balance sheet be if it did not have to bear a 600 million draw for Attachie? plus all the future capex requirementof this black hole project.
- How much quicker would production be ramping up if they engaged the half cycle economics that exist today and put on hold full cycle economic projects.
- How much happier would share holder be if rather that getting the lowest payout ratio in ARC's history they got a meaningful return, 30% of FFO rather than the 8% they are getting today.
- How much better would the share price be performing if all the efforts were directed toward meaningful cashflow generation and share holder return.\
- How much higher would the analysts rate ARC stock if managements action make shareholder and economic sense.
Management is costing the company 100's of millions of dollars with their dumb idea's and lack of strategy, they can't participate in M&A with the share value so offside.
We need a more business savvy and inteligent managment team. Not a bunch of engineers and accountants.
IMHO