RE:RE:Meanwhile, Over At The Kelt BoardLOL. Beetlejuice, Beetlejuice, beetlejuice!
Yes poo pot they shut in Sunrise...but the gas doesn't go away...the cap ex isn't wasted...just waiting for seasonal pricing to return and LNG Canada to start up and then open the tap and let'er flow.
They did hedge poo pot. But only enough to cover cap-ex. Why do more?
Let's not forget that Sunrise "the little postage stamp that could" bought VII and with it Kakwa.
Also the liquids at Kawkwa don't go away either. You should know this. The wells just become gassier as they deplete and obviously ARX has enough gas right now so why drill new wells there just to deplete them again. Kakwa is already dilineated and part of ARX's proved reserves so why drill more wells there? It won't add as much to ARX's bottom line as sanctioning Attachie will. Which is what they are doing.
You can argue that ARX management could have done better but it is pretty hard to knock their results especially when stacked side by side with their peers as I did in this thread. I noticed you completely side-stepped my comparision because it proves my point.
I don't see any of your picks outpacing ARX.
The only E&Ps I see outpacing ARX are in thermal oil and perhaps ARX should look into it or buy it but none of your plays have any either.
Just to conclude: please, please, please, poo pot do not invest in ARX.
But, please, please, please, do invest in a dictionary for big words like ABYSMAL.
No one expects you to know how to spell those kind of words as they are not easily spelled like there, their and they're. Of course, knowing when to use each is more complicated and may require a post elementary school education.
BTW, you had me at: "Well I don't think" LOL. ;-)
GLTA ARX BULLS