RE:ARX - The Poster Child for Spread Sheet JockeysDid you skip a dose or three?
I believe that ARX plan was to purchase VII Gen and use that free cash flow to fund attachie, because ARX could not fund it on its own. - After the merger the put the worst hedges in place in the industry. Actually the worst hedges came from VII when they merged.
- They announced Attachie as their number 1 project, totall unsanctions, and a black hole for cash False, they say Attachie is the LEADING DEVELOPMENT OPPORTUNITY not their number 1 project. Very different wording. Look at the capex you doofus, they are spending very little on Attachie for obvious reasons.
- The waved the flag for Sunrise, another unsanctioned project and another back hole for cash I think you mean "black hole", oye. Isn't it wise to get out of money pits?
- They have accomplished zero in terms of production gains LOL 2017 - 122,937 boe/d 2020 - 302,003. July 2022 guidance is 340,000 to 350,000boe/d. Zero gains, seriously.
- The have sold of valueable transportation Did they sell your favorite pickup truck?
- They have neglected the #1 condensate play in North America Received largest chunk of capex. I believe more than 50%.
- They have neglected their shareholder and don't know how to create value My average cost is under $10, they continue to raise dividends, debt is being paid off at a record pace.
Are you looking at the same the right company?