Liquids RichEric Nuttal is full of it!
While he supports WCS oil prices, condensate trades at almost double WCS.
If we don't include the dry hardly economical gas from Sunrise, ARX is 46% Liquids.
Otherwise ARC is around 40% liquids, so it is a very liquids rich company, way more liquids rich that TOU and they will spank TOU in terms of FCF in Q1 2023.
Q3 2022
Last Quarter Kakwa produced 60% Liquids, 40% gas. So ruffly 53 percent of ARX production comes from Kakwa and it is 60% Liquids.
There is not another single play in Canada that produces 180 boe of 60% liquids play with 500,000 acres in Kakwa and a lot more perspective acerage outside the Kakwa area.
Q4 will be transformational, unless management stopped drilling in Q4 at Kakwa.
Management are inexperienced in their roles and they demonstrate their incompetance on a dailiy basis.
IMHO