Attachie is for Dummies
Really when you look at the market, and you look at the struggling share price, who in their right mind would want to pursue a project, that will not return and dime for more than 4 years time, and take you down the road of endless capex.
Kakwa in that way was similar to Attachie, the only difference is they are about 3 billion dollars into the spend for infrastructure, engineering and pipelines, a long way down that road now representing more that 78% of ARC liquids resources, and 3 major gas plants with more than 750 MMcf of gas process all ready paid for.
Then top that off with economics that are top tier and a play that generates about 60% more per boe than Dawson as a complex, what’s wrong with management, are they all stupid or just pursuing their own pet project. ARC could not of pursued this project without the funding of Kakwa.
My guess is management is ignorant of the virtues of Kakwa.
Shareholders will never get full value out of their share while arc management leads the cheerleader rats to a pier of destruction, and low returns, and a depressed share price.
I know the cheerleading swad is leading the way for the pied piper dancing, waving their pom poms, wait until management wakes up and realize they have not clothes. A day of reckoning will soon happen.
IMHO