RE:RE:RE:RE:RE:ARC'S VALUE IS NOT REALIZED
Arc's market cap could be the same as TOU but they have no track record yet. Arc's management has to show the market that they're competent in running their newly formed company. If they did a reverse split, say 1 for 3 then they should trade at approximately $35 give or take a few. I assure you that if Mike Rose was running Arc it would be much higher valued. Arc has a higher debt with almost 3 x the outstanding shares as TOU Terry and Kibby are lining their own pockets with the bonus structure they have in place. They also started a NCIB, don't think TOU needs this, it's all about transparency, track records, proven management team, ect. Maybe TOU should take ARX over and give CNQ some real competition!!