RE:An old Oilman Once Told Me100% agree. Really starting to doubt this mgmt team. People have ragged on MHP, but I think his assessment has been spot on. They're not working in the best interests of the company, a lot of juice to be squeezed from these assets to generate more FCF.. and have a better, investor friendly shareholder plan.. but I don't believe Terry is up to the task.
Shaleguy wrote: That there are two ways to go out of business:. 1. To spend foolishly and more importantly, 2. To not spend enough. Clearly ARX will not go out of business, but they are leaving 6 to 8 bucks on the table by not optimizing fcf by slow playing Kakwa and cheaping out on dividends. Hey maybe as a dumb engineer, I don't get finances ( I actually do), but why would you pay off cheap debt when you can get way over an ror of a 100 percent at Kakwa. And hey you can still pay off debt and do more drilling and pay a dividend. I've said this before, but TOU's presentation has at least ten times as much technical info as Arx. I'm not sure after giving them the benefit of the doubt for almost a year that they are up to running a big company. It's not like they don't have the drawings and Fing well files from VII. very disappointing.