Kakwa could save ARC!
Now that the industry worst hedging strategy, is mostly in the rear view mirror, Kakwa will finally be able to shine, and crawl out of the weight of the hedges a Arx piled on them.
Kakwa is the best and biggest Liquids Rich Condensate Play in the entire Montney, and when investors call in the topic of discussion is alway focused on the ramping up of produciton at Kakwa, and not whether Dawson produced a TCF of gas.
Eric just says sell all you natural gas stock, but ARX is 40% liquids.
With more than 25 DUCS at Kakwa, and the opportunity to ramp up Kakwa is at hand, now lets watch what management does?
Will Kakwa be allowed to save ARX resource? and really how much will it cost totally, 2022 + 2023 capex to bring on 80 Mmcf of gas. The most expensive expansion in Oil Patch history.
One thing ARX does not know what to do, it to make share holders capital.
IMHO