RE:My last question as I’m not a bean counterIt’s just a paper loss, kind of like selling your house last year for $500k and the new owner just sold it for $600k, you lost out on $100k if you would of waited. Same as hedging, sometimes you win sometimes you lose. Companies with stretched balance sheets were forced into poor hedges by the banks. The big guys like Cnq , Tourmaline etc didn’t have to go that route or hedge to the extent smaller companies had to.
- Free funds flow was $410 million(5) ($0.60 per share)(6). ARC distributed 64 per cent or $265 million ($0.39 per share)(4) to shareholders, with the balance allocated to debt reduction. These are the real numbers you should concern yourself with. Arx is investment grade so no worries...