RE:Holding Back production to buy sharesExactly, ARC management are acting like kids that were given their Dads piggy bank and now they have broke it open and they have all their cash and flexibility they never had before with ARX being primarily a dry gas producer.
- Management can squander 75 million on Attachie, while they look to hire an new aboriginal negociator at the same time, when they can provide shareholders no certainity regarding the comissioning of attachie. ( Do they work for the shareholders? )
- They can throw 115 million dollars in the direction of a DRY gas prospect (Sunrise) that likely has 1/3 the boe returns as Kakwa. I am sure it doesn't impact their bonus plan or they would not do it.
ARC's management were giving Kakwa on a silver platter, and all they have done is messed up the economic's with a hedging strategy that is industry leading, "
AS The WORST". One stroke of ARC's rookie CFO's pen, Bibby was able to wipe out potentially 3 billion dollars in future CF.
ARC management is out of their league and should resign, and the stock would go up 3 dollars just on that news. This was the worst deal in the world for VII Generations share holders.
IMHO