RE:A Bird in the HandIf the future production is hedged out at a loss then why increase production?
Why not wait until the hedges are less along with the lost revenure on royalties and then ramp up production?
Also, why don't we wait for the actual ER numbers on November 3 instead of trying to use a crystal ball?
MyHoneyPot wrote: Pusing Attachie while oil is 85 dollars U.S. and condensate is trading at $108 dollars Canadian really shows the sour grapes, perspective of management and their inability to pursue low hanging fruit and opportunities at hand.
Eneryone knows about the Treaty 8 issues, and it going to be a slug to get that project built, it will not happen for a couple of years from now? What should ARX do sit on its hands during this high price commodity cycle?
Why is management no pursuing opportunity at hand, they obviously are cash flush and they could buy back 11 million shares. However production at Kakwa went down last quater.
Karr wells directly adjacent to ARC are paying out in 4 months, and almost 50% condensate.
Management needs to get out of their rocking chairs, and do something for the shareholders and the company and quit pusuing their personnel agenda's. All they are good at is spending money on share buybacks and pursing flawed hedging strategies, that have a track record of not working.
IMHO