Post by
MyHoneyPot on Nov 25, 2021 1:08pm
370 million shares - To cut capex and marginalize Kakwa
ARC shareholders ended up only being 49% of the combined entity, and VII Generations share holders are 51% of the combined enitity.
ARC should be a 20 dollars stock, and Kakwa should be producing at least 40,000 more boe than it is currently and VII Generation just reduced capex during covid and let production fall.
What kind of confidence does it give you regarding management when they leverage up their company to the point where they really don't have share holder majority and more, and cut the capex to their prize asset and squander the loot on pleading with first nations group so they can go forward with ARC MANAGEMENTS pet projects.
40,000 boe added to kakwa would more than double the CF from Sunrise, and still exceed the sunrise CF after the plant expansion.
Management does not know how to run a company and Kakwa is their best asset by a country mile, and it is the best return asset by a country mile and management is sitting on its hands.
Dismal management with no vision.
IMHO
Comment by
Beakr123 on Nov 25, 2021 1:23pm
Whoever dropped you on your head when you were a kid needs to do it again. Maybe it'll somehow reverse all the damage that occured.
Comment by
Trapped on Nov 25, 2021 2:05pm
Why on earth would you want it to be at $20 if you're shorting it? Maybe it's time to go back on your meds...