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Bullboard - Stock Discussion Forum ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa... see more

TSX:ARX - Post Discussion

ARC Resources Ltd > Russia to cut oil output by 500,000 bpd in March
View:
Post by Trapped on Feb 10, 2023 7:54am

Russia to cut oil output by 500,000 bpd in March

Perfect day for a global production cut announced on the heels of record production / earnings last night. Also a ton of love for ARX on Twitter and with bank analysts this morning.

Cheers and GLTA ARX bulls!

https://www.reuters.com/business/energy/russia-cut-oil-output-by-500000-bpd-march-2023-02-10/
Comment by Quintessential1 on Feb 10, 2023 8:45am
Expect mpre of this as the EU embargo starts to take effect.  You cannot keep producing when you can't sell it and that shut in production does not ramp back up in a day,,,,if it ever does,  I would also expect the embargo to reflect in NG shortages price increases soon first TTF then HH and AECO.  It won't be as big as oil but enough to sustain or slightly increase pricing ...more  
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