RE:RE:A Bird in the HandGood question, increasing production is the only way for the company to get traction and get out from under the weight of those dismal hedges.
If management added 10,000 boe a karr, those well will pay back in less than 4 months at these prices and the new production will be unhedges. So this strategy would reduce the percentage of your hedging exposure overall by and more full priced produciton to the mix.
They have the plants, resource, and transportation capacity to pursue this. They obviously have the cash to do this buying back 11 million shares.
Kakwa has produced historically more than 40,000 more boe's then is production last quater. Management needs to do some scientific reasearch of something, or maybe they need to have the chair of the board tell them to get off their butts.
Increasing production adds shareholder values, and will pay back quickly and reduce the impact of those dismal hedges.
IMHO