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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
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Post by Quintessential1on Mar 03, 2023 2:03pm
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Post# 35318099

Speak of the Devil

Speak of the Devil

US natural gas futures jumped 8% to $3/MMBtu on Friday, the highest in almost five weeks due to a jump in US LNG exports and forecasts for higher heating demand in two weeks than previously expected. The total amount of gas flowing to US LNG export plants increased to 13.4 bcfd so far in March from 12.8 bcfd in February, compared with a monthly record of 12.9 bcfd in March 2022. Looking ahead, US gas demand is likely to ease next week on expectations that power generators would burn less gas to produce electricity, before surging to 127.4 bcfd in two weeks when the weather turns colder and heating demand picks up. For the week, the US benchmark advanced 16%, the most since the week ended July 22, 2022.


https://tradingeconomics.com/commodity/natural-gas

GLTA ARX BULLS

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