MyHoneyPot wrote: Rafi Tahmazian says to stick with the companies that are distributors of CASH. Not companies that are going into high CAPEX programs. The last purchases on
Canadian Insiders is $19.02 a share. Rafi suggest shareholders should get paid with a meaningful dividend, and he mentioned companies like TOU, that can do both, because the management team is
inteligent. Really its so sad that ARX would spend all that money on water handling, but a pittance for increased production at Kakwa. Terry at ARC's subscribes to a business philosophy of being a "Penny Wise and a Pound Foolish" he last objective of Pusing 5% cost reductions at Kakwa while oil was trading $120 WTI, in the face of a 20% inflation enviroment, he is just making all new produciton a lot more expensive and those cost reductions will never be realized.
ARC now will spend a lot more money on water handling then addin capacity to fill up the huge spare capacity that exists in those underutilized gas plants at Kakwa, all to save 50 cents a boe at Kakwa. Do you really think Kakwa has a margin issue, and pursuing a 50 cent a boe reduction in costs, when you plants are running at 50%, don't you think plants running a their nameplace capacity could accomplish the same thing, or even better in terms of cost reductions.
ARC management is a Penny Wise and a Pound Foolish, it is writting all over them. Terry want to electrify everything, and has zero experience in running a company and pursuing shareholder objectives, by providing meaningful compelling returns.
IMHO