ARC Resources Ltd T.ARX

Kakwa - Finally we will see some growth

[MyHoneyPot]

Finally we will see some growth and action in ARX porfolio. 

Almost all of ARX well licenses are now for Kakwa, what has changed?

Since the merger there really has been ZERO production growth! Pathetic Management....

Looking at TOU you get share appreciation, you get a dividend and special dividends, and you get 5% production anual increase. 

ARX needs new management, and it appears that he finally got forced to move those rigs that can't get well licenses in NE BC to Kakwa. 

I expect a much better Q3 for Arc just because of Kakwa and the rest of ARX is a real sleeper. 

IMHO

[GunnerG]

It was VII management who brought production down, not ARX management. Production has steadily increased and 2022 sees ARX putting most of its cap ex into Kakwa. Not sure what hole your head has been stuck in, but as usual you are negative and an ower of the stock.  Whaaa, whaaaaaaaaaaaa.

[MyHoneyPot]

Gunner your dilusional again, time to take a cold shower.  The only reason Kakwa production was down was that oil was $40 dollars, and they could not sustain the capex spend.  Since that time ARX Management has spend huge amounts of cash on Attachie, a project that is not even sanctions, reserved Capex for sunrise, another project that they can't sanction.  No to mention the

[GunnerG]

But you agree with me it was VII management that cut production, thank you.  Nice to see you still own ARX, even with its lousy management.  A man of conviction, LOL

[Volkomm]

Arc management did sit on their hands for back end of '21 and early '22 until redeploying en masse to Kakwa. Not necessarily a bad thing as $$ went to debt and shares.  The infrastructure is too big for the acreage that's left so they can't just drill baby drill.  I don't doubt for a second that the minute BBFN is resolved they do a burn out from Kakwa straight to

[MyHoneyPot]

It is mind boggling, and there is a massive play area to the south of Kakwa that has not been exploited, and has been removed from the Kakwa maps.  Really with the political enviroment in BC, and the lack of well licenses available there when is existing production of Treaty8 lands be put into question.  Management sold off the Kakwa transportation, they have spent money of Attachie

[Trapped]

The market isn't rewarding producers who grow their production rapidly. And even if they wanted to, where are the work crews coming from in a severely labour-constrained environment?  ARX is consistently hitting its ~350 BOEpd target and that's all that should matter to investors. BRFN will get sorted out and it will give the company optionality and thousands of additional teir-1

[clamlinguine]

Don't underestimate the stupidity of our First Nations and Government. We may never see Attachie. Remember the Makenzie Valley pipeline? We can't even ship our own oil out of the country ffs.

[clamlinguine]

...and the corruptness of our courts.

[GunnerG]

"Management is incompetant, that is the answer to your question." Having said that, why so you stay with the company.  You make no sense at all MHP.