RE:RE:RE:RE:RE:Hedging lossesTerry wasn't the VII CEO nor CFO who put on the bad hedges.. might be worth a call to Marty "The hedge Doctor" Proctor ?
MHP, with any company, you took the rough with the smooth, the good with the bad.. nothing & no one is perfect.
Tourmaline is a great company, I hold shares, but a bigger seller was dumping the past few weeks as they do not like their 'special dividend' format.. vs. a higher stable base dividend. To each their own.
You need to consider now that Arc is around $14+.. you did say you would sell your shares at this stage & move on.. you've made about 75% since that point.. (was around $8 at the time).
So maybe time to take your Arc money and move it 100% into Tourmaline or Birchcliff (unhedged, but paltry dividend) or Pipestone (no dividend but growth) or Kelt (growth and no debt). Plenty of options.
~TGC.
MyHoneyPot wrote: Pehaps nothing, hedging malpractice, and go back though the ARC videos and listen to management defending their hedging malpractice when the finalized realized their BLUNDER.
The devil made them do it, hedge out 3 years. A company with a prestine balance sheet, why doesn't every other energy company in the industry have this dimal hedge book in place. This was not done by VII generations, quit fabricating these stories.
This is an example of Management work, really time for new management.
All this capital efficiency talk from Terry, is bottom line, he has never had to look at top line capital efficiency, he is an operational guy, not a business leader.
IMHO