Backward way of ThinkingIf ARX could of swallowed their pride, and simply invested in the plays that would provide the best immediate return we would be a $40 stock. Instead we got ARX that thinks that has a bunch of NE BC postage stamp, low liquids, low return plays running the show and running the company into the ground.
Even now with a treaty8 agreement ARX wants shareholders to embrace a big capex attachie strategy, with a first nations group we are not sure we can work with, and we are not sure what the deal really is. A Sunrise DRY gas plant is the least economic gas plant, if it doesn't facilitate the production of liquids it a very expensive plant, with a very low return.
Kakwa contains the prize lands in the montney, with thousands of locations and facilities that are half full, the wrong management team ended up on top. The ARX teams management is exceptionally week and rookies in their roles. (CEO CFO)
Something needs to happen to ARX to put this managment team out of its misery.
IMHO