RE:Yesterday AECO over $6 dollars G/JARX is up 44% YTD
TOU is up 42% YTD
If your brain is superior to management's, why can't it comprehend that 44 is more than 42?
Discussing the production numbers and the possible reallocation of funds for better returns can be fun if not helpful or useful but, maybe you can keep the insults about AN's cumdumpster of a mom where they belong and not about the management that is doing a great job navigating through very unpredictable times.
Over $6 per G/J does have the bulls running and I think we will see the share price running towards the $20 mark if NG demand holds and WTI stays over $90 a barrel as we approach the Q1 ER..
GLTA Longs
MyHoneyPot wrote:
It seem to me first week in April with a draw of 33 BCF and gas at historical 5 yr lows, than the gas bulls should be charging.
TOU is performing better than ARX in terms of the with a 52 week high of $60.15. Yesterday the high was $60.10 so this is where they are trading.
So with gas prices soaring, and with storage level down 25%, and LNG will be moving gas into European storage as fast as they can, I have never seen more bullish indicators in recent times for the gas market.
Kakwa - Gas Plants
Kakwa is know for it liquids rich production, but there are regions of the play area to the east and south that are a lot more gassy i believe. Shaleguy could add more color to this. With 300-400 Mmcf of processing capacity available, they don't simply have to drill their best liquids wells anymore the gas wells will do quite nicely all on their own.
Share Holders will die if they hold the breath and wait for Attachie to come on, really it is shameful to suggest your best opportunity is two years into the future, and is high speculative whether or not it is really you best opportunity.
Next 6 Months Meaingful Objectives
What is Arx best opportunity for the next six months with high gas and high condensate prices, this is the way it could be framed. Attachie we have been waiting a year for approvals all ready, does anyone have a crystal ball out there that will give us a real start date for the project?
Here is Arc statement in their presentation
ARC’s long-term focus is to reduce downside risk in funds from operations and create certainty in cash flows
My quest regarding that statement is at what cost, you could hedge all your gas at $3 dollars and you oil at $50 dollars and you have no downside risk, ARX has already tried that approached and it has cost the share holder of a Billion dollars a year in FCF, and likely 3 billion in market cap.
Maybe management can get a brain and do a better job.
IMHO