RE:RE:RE:New Press Release - ARC RESOURCES LTD. REPORTS RECORD YEAR-END RESULTS AND RESERVESAs a long-term shareholder with an average cost in the low 9's, I'm not as concerned about the short-term reaction to their spending plans or today's NG prices.
Despite its copious reserves, Kakwa is a relatively mature shale play and will be therefore subject to significant declines over time. That production has to be replaced to sustain long-term operation and I'm sure the market will understand that you have to spend money to make money in the decades to come.
This was a tremendous quarter from a production and earnings perspective. That shouldn't be denied.
Just my opinion. Cheers and GLTA ARX Bulls.
iwpete wrote: I'm sure glad I only own a couple thousand ARX and have my biggest position in BIR.
...shareholders will be put on wait for years.
..... Total project costs for Attachie West Phase I remain unchanged and are estimated to be approximately $700 million. This includes capital required for the construction of the facility and initial wells required to fill it. Phase I is estimated to pay out in approximately two years based on US$70 per barrel WTI and $3.50 per GJ AECO....
These guys are empire builders. The banks will love them, me not so much.