RE:RE:RE:RE:60% of your Company Disapproves of ManagementThese are hard numbers, the share price is performing in a dismal manner. Their investment in Kakwa the #1 property in the entire porfolio representing 60 plus percent of their cash flow, at 525 million, is more that 100 percent less, or put another way less than half of the proposed budget for 2020 and less than 40% of the budget for 2019.
What gives do these guys really know what they are doing, Kakwa production decline was about 5% last quater.
The management does not know how to communicate meaningful information to knowledgeable investors, no type curves nothings. 78 percent of their liquids reserves, got the capex to produce them this year slashed by more than 50%, that a good reason in a current high priced commondity enviroment to be excited.
ARC wants low prices, so they can tell investors they did the right thing and pursuing 2% declines, even though they are leaving mountains of cash on the table, they sound like notley and it was the right thing to do. Frankly management is a bunch of idiots, and your watching stupidity in action.
How is that for Real Numbers
IMHO