RE:Sunrise on track to make money next time Haley' comet passesIf you had any money and 2 choices
1. Invest in ARX and whine about it all day
2, Invest in any other stock that you liked and did not have to whine about all day
You would invest in ARX because it is the best buy for your money. (and that includes that pos crew that the db cheedledic is invested in and is sucking like an open chest wound)
You don't have a choice. Shut up already.
GLTA
MyHoneyPot wrote: If you had 100 million dollars and you had two choices.
- Drill the best economic wells in your portfolio and increase the plant utilizaiton at Kakwa
- Build Sunrise plant for processing dry gas boes 1/3 the values of boes at Kakwa
Quickest Return - Well it would take a years before you get back the plant investment in Kakwa, Drilling more wells at Kakwa will likely retrun 2X your investment in the first year.
- The 100 million dollar plant only add 80 Mmcf, which is a marginal increase in production for Sunrise, adding 4000 boe of productin at Kakwa would generate better returns. 100 million dollars would like add 5-10 time the value if spent at Kakwa.
- More money on a postage stamp play, Sunrise is supported by 35 section of land, Kakwa alone is 500,000 acres, with lot of addition land to the north and south. Really a waste of capital on a marginal resouce base.
Really time for a new management teams that is not tied to ARX marginal assets.
IMHO