ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

ARC Resources Ltd. is a Canada-based energy company. The Company's activities are focused on the exploration, development, and production of unconventional natural gas, condensate, Natural gas liquids (NGLs), and crude oil in western Canada. The Company's assets are located in the Montney region in Alberta and northeast British Columbia. The Company’s operations in Alberta are located near Grande Prairie and the region includes Kawka and Ante Creek. Kawka is a premium condensate-rich and high-deliverability natural gas play with top-tier development opportunities. The Company’s operations in northeast British Columbia feature low-emissions assets and are strategically connected to third-party egress and hydroelectricity. The Company’s operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland 3-9.

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ARC Resources Ltd > Dismal Performance - API Looks Good

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Post by MyHoneyPoton Sep 08, 2021 5:52pm

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Post# 33828851

Dismal Performance - API Looks Good

Prices at all time high will arc is under whelming

The American Petroleum Institute reported late Wednesday that U.S. crude supplies fell by 2.9 million barrels for the week ended Sept. 3, according to sources. The API, which released its data a day later than usual due to Monday's Labor Day holiday, also reportedly showed an inventory decline of 6.4 million barrels for gasoline, while distillate stockpiles fell by about 3.7 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 1.8 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Thursday. On average, the EIA is expected to show crude inventories down by 7.4 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 2.4 million barrels for gasoline, and 2 million barrels for distillates. October West Texas Intermediate crude CLV21, +1.52% was at $69.40 barrel in electronic trading, after settling Wednesday at $69.30 on the New York Mercantile Exchange.

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