RE:RE:RE:Imagine This - It's not a Fantasy StoryAlways lots of Kakwa discussion on here. I was looking at the land maps and while I'm not overly versed with the unconventional business it doesn't look to me like Arc has much more land they can keep drilling there. They can't just keep drilling new wells, potentially we could degrade wells in the area, maybe kill old wells? No point in drilling if the area can't handle it
I do agree that the Attachie investment of 700mil with no current path forward is a bit foolhardy. But in this type of play they have to constantly be moving around or else the production will decline.
In regards to the hedges. Were these inherited by 7G? Is their covenants on their debt, fine print on their lending syndicate? There's a bit more at play there than just bad decisions. This is why paying down the debt is absolutely paramount.