Capital Efficiency - Full of it.Listen to Terry and how they strive to squeeze every penny out of every BOE, while they hedge oil at 47 dollars U.S.
Kakwa with the infastructure operating at 40% capacity and Terry admits produced 225,000 boe a day, of the highest netbacks boe is all of ARX profolio.
Capital efficiency is about how much money you can make, not how many pennies you can save. Bibby the CFO he can generate enough risk management losses that your capital efficiencies are meaningless.
The Capital efficiency at Kakwa is better than any of ARX play areas look at spending 115 million for 15,000 boe of dry gas at sunrise, that looks like terrible capital efficiency to me.
Management are not business or shareholder focused, they said it in the presention they have their own agenda, the share holder are being left out to dry.
Kakwa producing at 225,000 boe, would add more than 15% CF to arc and would be their most capital efficient investment in the entire company.
Who do Terry and Bibby think their talking to, a bunch of Cheer Leaders?
Terry and Bibby have their own agenda that in not aligned with share holder returns.
IMHO