Post by
MyHoneyPot on Mar 04, 2021 7:48pm
ARC dividend was not sustainable, poor management
Last time we had oil and condensate prices in the mid sixties VII generations was trading for 20 dollars a share. Time to ditch arch and go forward with a real divided and not a measly 6 cents a quater.
I hope the VII gens CFO saw how he can shave about 40 million off their debt with some good paper like ARC is looking at for bonds.
Vote No twice, dump your arc shares and buy VII generations shares. Hopefully inflict the same pain on the management of ARC as they are inflicting on the shareholders of VII Gens.
Poor deal
Vote No
IMHO
Comment by
Whocares2020 on Mar 04, 2021 8:20pm
in other news, Arc/Vii just reduced interest expense by what 400 beeps with the cancelation and new issue via ARX. ciao
Comment by
Trapped on Mar 04, 2021 10:05pm
Agreed! Smart move and shows why Arc is now in the driver's seat! Full steam ahead...
Comment by
MyHoneyPot on Mar 05, 2021 9:02am
The bonds are not available for renewal mid 2021, it is nothing VII generations would of not done on their own. IMHO