RE:RE:RE:RE:RE:Top Well Report - ARX Crushing ItManagement has to look to the future and not just the quick money maker. Needing to counter the negative affects of the environmentalists on O&G companies is important. By doing the right things to improve our environmental image is a huge plus and if it makes us millions three years out, fantastic. ESG is here to stay and if we can make more money, fantastic.
We are in it for the long haul. Management states the goals and objectives pretty much every quarter and they are not hiding anything. Looking to the future only to the next quarters FCF, is not how any company operates. They are going concerns, looking to be around in 5, 10, 20 years and as such, they need to manage their assests accordingly.
MyHoneyPot wrote: Invest 170 million over 2 years, (130 million in year 1), the rest to be invested in year 2 into water infastructure.
That is 3 years down the road before you save a cent.
More wells and more production at Kakwa pays back immediately.
IMHO