ARC Resources Ltd T.ARX

is this a good price to buy ARX

[iwpete]

yes or no

[Quintessential1]

Yes?  LOL GLTY

[iwpete]

I own BIR biggest position and a little AAV and some TOU I sold all my WCP and have money so I'm asking about ARX I look at the chart and it looks like it wants to go to $14  Some of you have been here a long time like me and since ARX is down from $20 I'm asking if this $15.xx is a good time to buy.

[MyHoneyPot]

Well it like this, ARX will generate more FCF that TOU in the first quarter and has 1/2 the market cap.  ARC is about 40% Liquids last Quarter, so it really does deserve a rerating from the Gassy Players. ARC was plauged with dismal hedges in 2022 that resulted in the loss of of a lot of FCF, In the neighborhood of a billion dollars, those are gone and once the report Q1 numbers, i think

[iwpete]

Thanks for your heads up. I got a feeling nat gas is going to out perform oil. ARX is tempting.

[prested]

My opinion is yes. Vermillion dividend, for example,  is 1.6%  whereas ARX is 3.6%. Share price is currently $16.62 whereas the 12 month high was $22.88. So, a reasonable reward for waiting and every likelihood that it will return to at least the $22 mark. How long? How long is a piece of string!