ARC HAS NO PLAN, 1yr, 3yr, 5yr Nothing - ZippoATTACHIE
- Have share holders been shown a development plan for Attachie, of course not management does not have one, all they can tell you is that they need 600 million to sanction phase I and after then you the investors is all on your own to guess what will happen next, Management are not going to tell you. Maybe it because they don't know themselves?
TREATY 8 - Without knowing the regulatory framework that Attachie is being subject to the project will not be sanctioned (How can it be?) until sometime in 2022 when the province, supreme court, and treaty 8 people agree on a framework.
So why would investors want to invest in ARC?
- Growth strategy, they don't have one
- Dividend stategy, it does not exist either dividend is at all time low level to FFO
- Potential - their number one play has a significant decline from Q1 to Q2, what suggests management does not know how to operate the play of this nature.
- Experienced Management, all full cycle projects with no near term production upside, with the exception of kakwa which managment does not want to talk about
- No significant production contribution from operations in 2021, they are a 1% team.
Arc does not have a leadership team, they have a maintenance team, incremental improvement with no solid plan in place. No vision of the future, nothing to offer share holders.
IMHO