RE:RE:RE:What I'd Do to Sell the Virtues of Kakwashaleguy. about NE BC...take a look at page 25 of the current presentation. it's revealing.
They plan to spend $600m on the project (I believe the bulk of it is supposed to be in 2023-2024) and don't expect any free cash flow from the project until YEAR 4 of the plan. They will be creating a huge free cash flow Defecit from this project for two full years. Since they don't want to borrow and add more debt, the capital has to come from the free cash flow generated from the other ARX properties, in particular Kakwa. But they have also commited to large dividends.
I can see the board of directors at Arx discussing how on earth they intend to fill that cash flow hole without borrowing and one idea probably was to USE ARX SHARES to buy the free cash flow (Kakwa). This is why they are working so hard on turning Kakwa more intot a cash flow machine rather than a growth machine, which would consume more capital. 7g had a for sale sign on it and Arx took the bait.
btw, why do they only have ONE SLIDE dedicated to Kakwa in their deck when it represents MORE THAN HALF their cash flow? They have one slide for kakwa and one for Ante Creek? That's just a poor representation of reality.