Weekly Natural Gas Storage reportIEA Weekly Storage Link So with a gas build of 13 BCF in the middle of the summer, it looks like gas prices are going higher, however that does mean much for ARC shareholders because of the dismal management team that lacks strategy and a meaningful plan.
Arc was a small dry gas producer buys the #1 condensate producer in the Country, without a plan for condensate. Without a plan for a production increase in 2021, 2022, and 2023. Management is holding a prayer meeting right now, and its only hope is that Attachie get sanctioned at the beginning of 2022 that they have a chance of a measly 30,000 boe in 2024.
How many boe do you think will TOU add by 2024, maybe 200,000 boe, 6X likely what ARC will add if this Attachie project ever gets sanctioned. This is really up in the air.
So ARX shareholders will be crying the blues with this management team, with a lack of plan and direction. What are the future plans for ARC, no one knows because they don't exist currently.
IMHO