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Bullboard - Stock Discussion Forum ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

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

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Post by rico91 on Apr 05, 2024 11:10am

ARC !

I own many excellent Oil and gas stocks, but ARC is the one that I will not be selling for a long time !
Rico
Comment by Westcoastenergy on Apr 05, 2024 11:25am
Agreed.  I trimmed a bit at $21 (and regret that already) but my average cost is $1.45 (through 7 Generations) so it was the right thing to do.  I am now looking forward to increased dividends like so many of my other O&G holdings have done.  
Comment by mikewale on Apr 05, 2024 12:55pm
ARC just keeps rolling along with another 52 week high and still most of afternoon to go. I'd like to trim some as well but at this point perhaps if I can wait until the $30's then I will. Thank you.
Comment by Trapped on Apr 05, 2024 2:24pm
To my thinking, $30 next year becomes a no-brainer considering the tasty netbacks we'll see on the incremental Attachie Phase 1 production alone once it kicks in. Combine this with an almost certain near-term dividend increase and strengthening per-share EPS metrics from ongoing share float reductions, and you have one of the easiest long-term holds imaginable in my opinion. Buybacks take ...more