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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

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

Post by retiredcfon Dec 20, 2021 7:22am
194 Views
Post# 34246004

Insider Buying

Insider BuyingAnd how would you translate this rusty? GLTA

Morning Report: Insiders at natural gas producers buy the pullback 

December 20, 2021

During market turbulence, we are always on the lookout for stocks where insiders are buying as share prices drop. Today, we focus on two situations in the Energy sector where insiders were buying last week. Both companies also have the distinction of being in the sunny INK Edge category, meaning they rank well not only based on insider commitment, but also when both value and price momentum are considered. They both have significant exposure to natural gas production in western Canada.

Tourmaline Oil (TOU) CEO Mark Rose was buying on Friday as the stock dropped to lows not seen since early fall. When the company reported Q3 results on Nov. 3rd, average production for the quarter was 456,489 barrels of oil equivalent (boe/d), 78.4% weighted to natural gas. Thanks to rallying commodity prices and rising production, Tourmaline's 12-months trailing cash flow per share has soared from $3.44 a year ago to $8.89 as of Q3. The company expects production growth to continue with 2022 average production estimated between 500,000-510,000 boe/d.

When Montney formation focused ARC Resources (ARX) reported Q3 results on Nov. 4th, average production was 353,657 boe/d, 49.3% weighted to natural gas and natural gas liquids. Trailing 12-months cash flow per share has also been on the rise, coming in at $2.05 versus negative a year ago. For 2022, ARX expects to produce between 335,000 and 350,000 boe/d. Last week an insider was buying the dip for his retirement and brokerage accounts.

 

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