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Bullboard - Stock Discussion Forum 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... see more

TSX:ARX - Post Discussion

ARC Resources Ltd > How is this possible
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Post by rusty777 on Jun 14, 2021 10:04am

How is this possible

How is it possible that oil is up (both WTI and WCS) by almost 80 cents ...now pushing 72.00 and ARX is now down.....this seems like manipulation at its finest...but why?

Rusty
Comment by MyHoneyPot on Jun 14, 2021 10:56am
Do you think it could have anything to do with ARC cutting it capex from 2020 Kakwa budget levels.  In 2020 old ARC or VII Generation had initially set a budget for Kakwa of 1.1 billion and it was going to produce around 205,000 boe a day for 2020. That budget was later reduced to 900 million and it ended up lower, but last year was really a survival year for everyone.  This year the ...more  
Comment by Grandcentral on Jun 14, 2021 11:53am
Don't sweat. Just pumping the breaks to slow down the run-up. Institutions use selling and buying like a pressure release valve, or pump, depending on what they want. Right now, they want to slow the stock so they can buy as much as possible as cheap as possible - before Q2 numbers explode. For them to sell a few million shares so they can buy ten times that at a cheaper price is well worth it ...more  
ARC Resources Ltd
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