RE:RE:RE:Squandered Opportunity - KakwaExaclty what? All mhp keeps saying is that he wants to fire a managment that has raised the share price over 150% and increased the dividend 200% in the last 2 years.
That is a hard no from me.
Stay the course. Easy hold!
GLTA ARX BULLS
Volkomm wrote: Exactly 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.