1,229.5 Million 2019 Capex Kakwa
Arx is simply starving Kakwa, a play area where wells can get 10X ROI returns and is the best play in the Montney.
In 2019 before the price collaspe, VII Generations spent 1,229 million dollars on Kakwa.
They drilled 78 wells and completed 79 wells and yes the well costs were a lot higher.
Investing money in electrificaiton, while all this opportunity sits idle, on rusty pipes for Attachie, on Sunrise that simply is not sanctioned, squanders money on share buybacks at higher prices then the stock trades today.
Then ducking shareholder with 7:00 A.M. confrence calls totally offside and unheard of.
They have done nothing to materially increase the value of the company since the merger, and if VII generation did not merge are would be in the dumpers.
Management are all rookies, and should not be running the company.
IMHO