RE:RE:Seen on Twitter's !!!I looked at those numbers and ARX has said they will reduce Capex after 2023, some of these items are one time projects.
Like Rebuild BC
Like 170 million water handling for Kakwa.
The other thing is that i looked at is ARC has about 5 billion in tax pools and they have ARX paying a lot more cash taxes.
It is has to guess what the share price would be for buyback if the FCF is half?
So I am not sure about that spreadsheet, although it looks well done there are a lot of assumption in there they may not be accurate.
IMHO