ARC Resources Ltd T.ARX

WTF - Why so dour art thou?

[Hatrick]

What is the big rage over this breaking news that they didn't raise the "divvy". Do you need a facking "divvy" so you can sleep at night? Maybe you should go invest in a 10 Year Bond?

They doubled consenus earngings estitmates. Integrated a fantastic aquistion. Massivley increased the value of the company. Repurchased 33 million shares. Smashed many records in this companies 25 year history (free funds flow, lowest opex, etc). 

This is a fantastic earnings release and sreams they are aligned with shareholders. I want DISCPLINE and this is DISCIPLINE. 

I am an investor, what happens tomorrow is meaningless becuase if WTI stays at $80+ this is a double within 12 months. 

Be happy you had the forsight to invest in this company becuase many Canadian Investors are not getting ANY Quality Energy exposure at all in their ESG bull$hit Pension Plans and Mutual Funds.

Cheers

[Trapped]

Respect... Well put!

[northman]

Well funny you should say all of the above. I was hoping for a dividend increase for a few reasons.  1. I have been holding VII since 2014 and it's time for me to get some return on/of capital. Future returns are nebulous. $.10 per quarter is like 15% of cash flow. At this price I'd rather see 50% of FCF in dividend instead of buybacks.  2. dividend pre pandemic was much

[JoeDev]

I understand your point of view and respect it. As we should all respect each other's investing goals. But until they buy back alot of those shares they issued to make that acquisition last April, I would prefer to wait for a dividend increase. Arx doubled its float and I feel that's why we're lagging behind other companies in share price, and I believe buying back shares will drive

[fishcarrier]

But if they pay a higher divvy, they are hard put to reduce that 1.7 billion debt. If they have to pay 5, 6, 7 or even 8% on their debt, soon they won't have room to pay any dividend. 

[Hatrick]

Points taken northman. You have had a long cold winter (iceage actually) holding this since 2014. That would alter my view as well being that patient. We agree the future prospects look strong. All of these CEO's need to repair their companies image to shareholders given what has taken place in the past. What is that old saying "please God give me one more Oil Bull Market and I promise