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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.


TSX:ARX - Post by User

ARC Resources Ltd > One or Two Years Setback?
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Comment by Aldan007on Oct 21, 2021 5:10pm
171 Views
Post# 34034952

RE:RE:RE:RE:RE:RE:One or Two Years Setback?

RE:RE:RE:RE:RE:RE:One or Two Years Setback?

Hi Cheadle,

yes, this is my undersdtanding as well. Based on Q4 2020 press release from 7 Gen, more than half of the 2021 hedges were actually opened by 7 Gen management - not ARX.

Seven-Generations-Energy-Releases-Fourth-Quarter-2020-Results

Check section "Risk Management" and you will see that 24,000 bbl/d were hedged by 7 GEN for 2021 in 40s range.

I'd also like to point out that hedges for 2021 are 43,250 bbl/d - 2022 32,246 bbl/d and 2023 already reduced to 12,863 bbl/d

In hindsight, yes, having not hedged for 2021 would have been the right call, but who thought that we are back to these levels 9 months ago? I think it is easy to say this was "bad" after the fact ...

I'll stick to my ARX investment and probably add more in case it drops furter.

Thanks,

Aldan
 

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