Post by
MyHoneyPot on Jul 16, 2021 10:48am
The Price for Attachie Keep getting higher....
With share trading at a dismal low of 9.65, my last purchase today, that means the 600 million wasted on attachie could buy back, 62.2 million share.
That would equate to 8.6 percent of the current stock float or rougly 31,000 boe of today production. Are we really gaining anything building attachie, in this current enviroment while we watch smarter companies (TOU) then ARC, are simply bolting on production addons because their shares are trading at a proper evaluation.
Management at are is utterly dismal, and Attachie is their risk mitigation strategy, Ha Ha Ha.
When is managment going to get a postive report, is seem like terry walks around with his cup half empty, especially when discussing Kakwa, i think it is easy to replace Terry with Marty sitting in the wings, then to go along with his distruction plan for Kakwa.
IMHO
Comment by
clamlinguine on Jul 16, 2021 4:55pm
IIRC Attachie is 40000 bbl/day so it's in the ballpark with the equivalent share buyback "yield" of 31000/day. By your metrics.
Comment by
MyHoneyPot on Jul 20, 2021 9:51pm
I just keeps getting worse the true cost of Attachie.
Comment by
Grandcentral on Jul 20, 2021 10:04pm
Sounds like a Catholic confession MHP, not sure any of us can save you...