RE:RE:RE:RE:RE:RE:RE:RE:RE:Balance Sheet Strength - New Article from the FPYeah despite the lousy hedges taken on to secure their monstrous debt the fool hardy rookie management team saw passed the dumpster fire that the genius management team was about to make of their crown jewel assets and relieved the genius management team of them all in deal second only to the Dutch trade for the Island of Manhatten in its fame.
The deal being so lucrative, that again, all of the monstrous debt and a third of the issued shares had been eliminated in the first year of operation alone.
Then, after pulling off this feat of financial mastery, "the fools", as they will be refered to after this, wanted to be compensated almost like they had doubled shareholder value or something.
I do not know how long I can put up with this kind of incompetence!
Just kidding, Easy Hold.
GLTA ARX BULLS
GunnerG wrote: It takes real genius to drop nearly 2 billion dollars in hedging, good thing they took down the video it made me sick to my stomach.
A 10 billion dollar company spend more time talking about a 25 sections dry gas play which is costing a fortune, and i don't believe it makes any real money.
VII shareholders see it as a disaster. ARC SH consider the enormous debt and lousy hedges as part of cost of buying, or merging, with VII. As Trapped said earlier, it was a masterful acquiaition. Took over VII at ~$3.80 and paid down all the VII debt and ridiculous hedges with VII condensate. I for one love it.
While over paying for shares, over compensating a rookie management team, that have dedont know how to manage (huh) the premier assets in the montney. Arx is use to postage stamp play, and then they draw a big circle around them like their the same play area.
Over paying for shares? Dumb comment from a guy who has stated recently the SP should be $30 - $40. We all know who the joke is. Come on rerate, LOL.
What a joke.
IMHO