ARC Resources Ltd T.ARX

he he he - Big Quarter, stock flat as a pancake

[Cheadle12]

Even turned red like a baboons butt today.

Nice work Team ARX! 

This stock sucks.  Tell me why I should invest in it ?  What is so great about it?

[Mike975]

Yep, an absolute joke. Sold my CNQ to get back into ARX thinking it would be a great quarter and what a joke response by the market. No even the companies fault at this point 

[Trapped]

I feel sorry for anyone who bases their investment thesis on the results of a single trading day. You deserve what you get IMO.

[Quintessential1]

Even if they do TOU dropped twice as much as ARX today. Cheese D and sour grapes makes for an unappetizing meal on a Friday especially if they are your own. Anyway we got a 25% raise! Have a great weekend! GLTY and all longs!

[bmeister2]

No,trapped,I don't know who you respondes to but this was a "funny" day in that many oil stocks had a down day with oil and gas up bigtime. It doesn't make sense for me especially with the great qtr. report by ARC with divvy increase to boot! WTF happened? Hope it had nothing to do with justinflations announcement yesterday of tax on share buybacks. What is your read? Thanks. bm

[Quintessential1]

Speaking of buyback taxes.  It is nice to know that CIBC and our thinking is along similar lines. I think it was nice of JT to give companies a year and a bit to blow their wads.   https://ca.finance.yahoo.com/news/trudeaus-buyback-tax-may-spur-more-buybacks-into-2024-cibc-172218875.html Again have a great weekend and GLTA longs.

[Lupuslupus]

Another year of tax-free buybacks for companies, after that the only appropriate thing to do with FCF is to pay down debt and give it back to shareholders via dividends And it looks like this cycle still has a ways to go - wait until China opens back up again

[sirmevl]

To your point Chinese Power Demand Is Set To Soar | OilPrice.com

[Trapped]

I agree it's an unusual trading pattern and and I appreciate the chance to discuss it. For me, it's all systems go (hedges rolling off, oil up, SPR ending, midterms over next week, geopolitical conflicts, divvie up, debt down, share count down etc. etc.)  I would have to call it profit taking by swing traders in for a quick buck on ARX's recent rise (nothing at all wrong with

[Cheadle12]

Agree with you Trapped.  We may banter, but there is nothing 'wrong' with ARX.. it's simply the Blueberry River overhang.. can't proceed with Attachie until that is resolved and it's in the stock price.   All of the bank reports cited this also. Additionally, the street is looking to see the build plan - cost, schedule & updated economics on the project

[Quintessential1]

This post has been removed in accordance with Community Policy

[Cheadle12]

It could just be me, but this user offers no value to this forum other than derogatory, inflammatory and in some cases "illegal" (yesterday he offered a death threat). Please watch your tone, put me on mute if you don't like what I contribute, because you seem to contribute very little other than reply back to others posts with very low class comments. Good day to you ! ~TGC.

[Quintessential1]

KMA dillhole....you suck! Call a cop...LOL What a hypocrite.

[Quintessential1]

This post has been removed in accordance with Community Policy