RE:RE:Squandered Opportunity - KakwaExactly this. MHP brings up some good points about $ARX management failings. They have had a few missteps but I believe they are on the right path now. Dividend is glowing appropriately, debt is in a good spot, and they are top-quartile for share buy-backs.
The VII Kakwa infra was built way too big for the acreage. The well decline's in that play are massive. MHP you say they have 1,000 drillable locations. But is that all quality? And if they fill the plant will they drill through the play in 7 years?
$ARX stated they will fill the plants to 200K BOE/D and that is sustainable for >10 years. Fair enough.