RE:I'm guessing the market disagrees with MHP...My take on ARX progress is this, the reduction in Condensate production from Kakwa, will not be made up by sunrise expensive dry gas expansion. So ARX is really going backwards the way i see it. Electrify everything, the most important thing is their ESG score not paying their shareholders.
Eric Nuttall was going to be the big winner here and hold the last shares that will have the most value, all of you will be dead or long gone before that happens with ARX, it is a value trap.
Terry is on the record saying that Attachie is a good as Kakwa, so i guess the plan is to reduce the quality of Kakwa producton, reduce the Condensate production so he can make this is true. Drilling 41 wells at Kakwa in 2024 is irresponsible.
Now were heard that Attachie may only produce 35,000 boe/day, does that mean more gas and less liquids?
Really ARX has gone backwards in terms of production since acquiring Kakwa, and all those postage stamp plays have very little real value. Attachie may be different, but everything at ARX is to expensive, their staffing, their plant ulilizaiton at Kakwa is dismal etc.
ARX is just a big money pit that does not pay shareholders.
IMHO