ARC Resources Ltd T.ARX

shaleguy

[uncutgems]

thanks for being here. your technical knowledge is much needed.

I do have some remarks to make about your declaration that BC is more expensive than AB.

I have been following TOU for years and most of their recent growth is due to investments made in BC. they obviously like it. I would also note they have not made one investment in the Alberta Montney. ANd they have bought Dozens of companies over the years.

I have a recorded talk by M Rose, and he disscussed why he prefers NE BC to Alberta. He says the gas is sweeter in NE BC. The Alberta Montney gas is sour, and op costs are higher. You know first hand that 7g had a tiger by tail at Kakwa.

I refer you to page 18 of the most recent TOU presentation. On that slide they detail their completed well costs (D & C) for AB and BC. BC compelted well cost for TOU are in the range of $2m-2.5m, and LOWER than their well costs in AB. This is far cry from the $9m or so you referenced in an earlier post.

Although TOU did buy 2 Alberta focued companies in the last 2 years, neither were targeting the Alberta Montney. The vast majority of TOU attention has been on NE BC. They are holding production flat in AB and growing it in BC. I always "watch what they do"...

regards

[topdown99]

Rather than complain why don't you do something constructive ? Why don't you form an action committee , canvass shareholder support and then vote as a block . If you can get enough interest and shares , you could dictate policy and then work your magic . Just a thought 

[Shaleguy]

How does that. Country song go ,"I got better things to do".

[Shaleguy]

First off Mike Rose is the best CEO in Canada by a country mile Handa down. Add to that he is an outstanding geologist. So what are the differences? As a result they dominate in conventional land and play in the Cretaceous which is much shallower and more productive without the same intensity of fracs. As to H2S, the Montney is a b,.. At Kakwa it's sweet, as it is for Swan. NVA is in a sour

[uncutgems]

yes that's true, that's what he does in Alberta. but in BC he targets the Montney, the same formation that 7g targets in AB. Are you up to speed on their recent activites? they are no longer AB centric. They are focused on a 20% liquids to gas cut in NE BC...

[Shaleguy]

It will take awhile. I'll get back to you later