Attachie - MHP -
Keep in mind. Infrastructure is always valued.. and more so, when next door a pipeline requires 4 BCF/d of supply of dry gas is required for export.
So what does this mean for ARX?
They could sell Attachie turn-key for a premium to an LNG partner.. and shift focus back to their other assets.. think of what that would fetch? 40,000 boep/d liquids rich + dry gas for LNG + the plant / Pipelines other Infra.. a very nice piece of business indeed. Certainly worth a lot more than the bare land sitting there doing nothing, costing money. Correct?
or they could sell the whol company for a large premium to a super major. I'm sure Shell would like to take out ARC, TOU is getting a little big now.