RE:Meanwhile, Over At The Kelt BoardWell i don't think i was wrong about ARX and it is a poor investment.
Sunrise the dry gas meca of N.E. BC is shutin because of the poor economics of gas, poor investment decision.
The longer they keep Kakwa production flat the more gassy it gets, meaning worsening economics.
ARX management is afraid to hedge anymore because of their dismal history in hedging creating the largestest hedging loss in Canadians history. The CFO in incompetant to manage the hedging program. The removed content from their website supporting their blunder.
The dividend is meaningless and a poor return to shareholders.
The buybacks only occur when commodity prices are his, and is simply a way to evaporate cash off the balance sheet, it will take a lifetime to get back to their premerger share count they are dilusional .
NE BC is the worst place to invest in dry gas a postage stamp plays, they draw a big outiline around a large number of postage stamp play areas.
Manage is incompetant and never bought any meaningful shares themselves, they are robbing shareholder and creating an option farm.
I would never invest in ARX again, and there management of Kakwa is nothing short of abismal.
IMHO