RE:MyhoneypotManagement is having a tuff time getting their story together. Remember when they put out their statement on holding production flat, the price of oil was a lot lower then. Attachie is all about risk mitigation, however is just keeps getting risker add on top of full cycle risk, treaty 8, new project startup risk. This risk was mentioned in the last quater results.
ARC lacks the dynamics in management, CEO/CFO, and the ability to make decisions in the face of investment bankers and accountants, because it is the right thing to do. I told management straightout they don't look to smart buying the premium condensate asset then ditching with by complaining about 40% declines. They have stopped do that.
I posted wells at Karr the sister to Kakwa owned by paramount, some of the wells are producing more than 1800 boe day, ip180, and costy just a little over 6 million dollars, ARC management needs to get their act together.
Management is stuck on their plan, because they really don't know how to lead and very lame. I think the chairman of the board of ARC really runs the company, and the others are his puppets. Management does not want to talk about Kakwa, or post real well results, type curves, anything of value to investors. It would make the rest of ARC's porfolio look dismal.
It thinks management is hoping the cheerleading squad will take care of things for them. I think TopDown needs a new skirt.
IMHO