RE:Squandered Opportunity - Kakwa Honeypot, when are you going to wake tf up? Kakwa at this point is a mature play. The tier 1 acreage has been explored, they still have a ton of drills left, but growth is off the table for kakwa, Arx management understands the value of it a lot more than you. Kakwa is the ace in the hole. As evidenced by the 23 budget, development costs are going up, if arx wanted hyper growth in kakwa, costs would spiral unsustainably. As in the USA, goes the same in Kakwa "the days of shale hyper growth ARE OVER"
The engine for maintaining base production IS KAKWA. With this base production arx can: buyback shares, raise dividends, fully fund their capital program.
The engine for growth is Attachie.
Knowing that growth is off the table and any incremental production increase is relying on permits from an NDP controlled province might be enough to sway investors away from ARX. Does it change the fact that current BOE'S/day are discounted and ARX is on the cusp of a meaningful rerating? NOPE!