Gas Trading at $2.74 USA Condensate $90 U.S.90 / 2.74 = 32.8
1 boe is condensate is worth between 5-6 boe of dry gas, so what should ARX do.
I know spend more money on Attachie a project that is not sanctioned?
Strive for 5% cost reduction at Kakwa in a 25% inflation enviroment?
Build more full cost/full cycle plants to process gas they can sell for $2.74
Spend 100 million on sunrise for bone dry gas
Spend more money, time and effort negociating with First Nations
Buyback more share when energy prices are high so they don't have to when their low
Rob shareholders of a meaningful dividend in high commodity price cycles
I see little value in the BC assets because of the native overhang, and the small postage stamp size of the play areas. Sunrise is only 35 sections, hardly a play that matters.
ARX need a brain transplant in Management and that is what is holding this stock back.
IMHO