RE:RE:RE:RE:100 million Dry Gas 80 MmcfDoesn't take MHP long to flip flop from ARX is good to they are terrible and spend everything in Kakwa. He has no long term vision, but of course he is hanging onto his shares for the Q1 rerate he predicted. LOL
Is ARX not spending the money on Sunrise in anticipation of LNG Canada coming on stream. Also, thought I read that the expansion would be ready in 2024 and ready to take advantage of the premium prices LNG Canada should bring.
Go ARX go. Q4 is going to be fantastic.
Quintessential1 wrote: "With multi-layer development potential and approximately 10 trillion cubic feet of natural gas in place, Sunrise is the most efficient and profitable asset in ARC’s portfolio." https://energynow.ca/2021/10/setting-the-standard-nearing-net-zero-at-sunrise-arc-resources-2/ Its an expansion of this plant. They are not spending 100 million on it and it won't take years.
GLTA
MyHoneyPot wrote: 100 million for a gas plant, with no gas.
Sunrise is a marginal play, and when factor in the cost of money and the measly returns, it a joke.
Op costs, transportation, royalities, etc.
We have heard about this plant for years, 2024 is the proposed inservice date, however ARX does not do real project planning , their dates are measured in years and they keep missing them.
It a joke the management of ARX, the most out to lunch business team on the planet.
This plant will not make money for years, more shareholder dough being tossed out the window.
IMHO