RE:Is Arc a takeover candidate?ARC is a screaming take over target and has done everything humanly possible wrong, that a rookie management team could.
TOU many consider the purchase as they many ways to monetize the company with Topaz, and their own Gas Processing infastructure.
TOU management philosophy is polar opposite ARC management, and they opperate almost twice the production with 1/2 the people.
TOU drills to fill own infastructure but ARX management neglects filling 100% own plant to capacity, and pursue full cycle pet projects with questionable economic, and in the can of sunrise very limited resource footprint.
ARX need to be bought and all the management and 1/2 the staff packaged off.
CNQ is a bottom feeder and a sale to them would simple reinforce the total incompetance of management
IMHO