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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

Comment by Quintessential1on Oct 04, 2023 11:29am
80 Views
Post# 35669112

RE:RE:RE:RE:September Buybacks!!

RE:RE:RE:RE:September Buybacks!!Obviously disgruntled.  ARX management is implementing their strategy which is not his strategy.

Just for the record who runs a $12B company and who is whinning on SH?

Can't even contain his complaining to his own stock boards (he owns nada here).

Looks like it is time for management to P him off more and ramp up buybacks with an irrational dip in shareprice and oil as the EIA report was bullish for oil today and NG is actually trading up again.

GLTY and ALL ARX BULLS  

Trapped wrote: Haha I know! Like why does he bother to show up once a month to criticize a company that is so obviously crushing it by doing exactly what they said they would do? Beetlejuice needs to stay gone.


Quintessential1 wrote: Yeah I count a fraction over 1.9 M shares cancelled and not sure what is with their math method over there at SEDI but it way easier to count the cancelled shares than the bought ones.

Looking good and based on the September investor report they say 609 M share outstanding as of Aug 23 which probably did not include the August buybacks so 609M - 1.2M - 1.9 M

Sitting at about 606 M shares outstanding with 3 months before 2024 and at the current pace they should get to 600 M or under with very little increase.  I wonder if that is their 2023 goal too?

Also I think it is a very good thing no matter what Beetlejuice says.

GLTY and ALL ARX BULLS




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