ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its 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. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.

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Comment by Quintessential1on Apr 18, 2022 11:47am

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Post# 34610080

RE:NG

Excellent post! Steady as she goes and GLTA.

retiredcf wrote:
09:24 AM EDT, 04/18/2022 (MT Newswires) -- Benchmark natural gas rose to another 14-year high early on Monday as a winter storm in the Northeast is expected to bolster demand while supply remains tight.

Gas for May delivery was last seen up US$0.26 to US$7.56, the highest since the autumn of 2008.

The rise comes after the Energy Information Administration on Thursday reported a smaller than expected rise in US inventories in the prior week as cool weather and high LNG exports boosted demand.

"Injections should remain subdued these next few weeks as lingering colder weather limits inventory builds. The withdrawal season is now concluded and storage inventories entered the shoulder season at 1.382 Tcf. Storage levels are currently 18% below the 5-year average versus sitting slightly above average at the start of the calendar year, but remain at fairly comfortable levels. There is a fundamentally constructive backdrop driven by record LNG outflows, strong Mexico exports, and producer discipline," RBC Capital Markets said in a Thursday note.

A winter storm is moving into the Northeast, bringing heavy wet snow to the region on Monday and Tuesday and unseasonable cold, according to the National Weather Service.