RE:RE:ARX - Getting left in the dustI am totally opposed to your way of thinking, infact i believe ARC robbed VII Generations with a worthless gassy postage stamp asset base, where VII generations land base is basiclly contigious, in an area where the very best liquids wells, top 10 as a matter of fact are reported over and over again on a monthly basis.
In fact with a little longer wells ARC has the land base at Kakwa, and drill the simply drill the 2200 meter wells, 2300 meters and you will acheive you 2% targets.
ARC management is marginal, and all their objectives are all base on 2% incremental gains, paying off 2% debt, reducing declines 2%, and no plan for production growth.
ARC should be trading much higher, management does not want to think, they will simply stay to the same outdated formula regardless of the price enviroment, or the opportunity at hand.
They are sleepy dirty old men with zero plan, and zero innovation.
IMHO