Post by
MyHoneyPot on Apr 17, 2022 11:24am
Kakwa is Happening
I was with a Friend on the weekend and we discuss some of the big happenings/projects in the patch and he mentioned two to me.
TOU - they are in the process of Eng the build of a 800 Mmcf gas plant, that all i will say and will not say where it is, but a lot of you may already know, however this is HUGE.
With this plant TOU looking is projecting that will add 800 Mmcf from one project, ARX needs to accelerate to maintain its ranking, as i expect there is a need for more Canadian Energy in the world.
Scale is relevent and if you listen to Mike Rose all he talks about is scale, i don't see ARX doing much that would be of the same scale TOU is pursuing.
However they are ramping up Kakwa, and i do know work in going on there, i have confirmed what shaleguy has reported, there is some scaling up going on there. Better late than never, but ARX is finally scaling up the Kakwa area.
When you look at ARX play areas there is a lot of postage stamp type plays, very small, and lumped together for reporting purposes, we need people with a bigger vision.
The big that will plague ARX is lack of Management and Vision. Sry but that is just the way it is. They not business people, and they don't have a vision, expect for attachie and that is 7 years old and still not sanctioned, a pretty poor example if getting things done.
IMHO
Comment by
Trapped on Apr 17, 2022 4:59pm
Funny how facts work, isn't it? Someone with a mean-on for management (perhaps a wannabe CEO who got passed over for a job or three) can use them to perpetuate his unhealthy fixation. Thanks Gunner for setting the record straight. Cheers and GLTA ARX longs.
Comment by
GunnerG on Apr 17, 2022 10:57pm
MHP, you avoided my question about oil and gas companies hedging at today's prices. Lets hear your moves today if you had to make the choice of heding. We can replay them in six months - a year's time. Include what % of production you would hedge as well.
Comment by
GunnerG on Jan 04, 2023 11:51am
MHP, you mentioned the 240,00 number on April 17, 2022 and I corrected your so called "fact" filled post with real facts. You have a terrible memory. Check out the "Fact 2" response. You actually agreed in a follow up post, LOL.