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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 Farmer12on Jan 11, 2023 2:25pm
160 Views
Post# 35216462

Prospects

ProspectsThe Henry Hub Monthly average Spot price in October was $5.66 U.S., November 5.45, December 5.53. The monthly WTI average in October was 87.55, November 84.37 and December 76.44. These are still pretty good prices, ie WTI over $100 Canadian and NG around $5.00 Canadian, more or less. NG prices have really tumbled from their peak, but ARX has been pretty good at capturing strong pricing, even at a premium to various benchmarks. As others have mentioned, the costly hedges are reduced, as well as the share count and dividend expense. There are unknowns like weather, prices going forward and the state of the U.S economy as interest rate increases start to bite. Overall the future looks promising and I will keep bagholding until I can buy Granny a new pair of shoes.
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