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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 and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.


TSX:ARX - Post by User

Bullboard Posts
Comment by Cardboard1on Oct 18, 2019 10:42am
106 Views
Post# 30243673

RE:RE:for those that care painted pony made interesting sale today

RE:RE:for those that care painted pony made interesting sale today
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPONY-2820885&symbol=PONY&region=C
 
They are selling 4% of their land for $45 million and it is only for a 75% interest of that 4% and it is undeveloped. If they were to sell the rest of company’s land at same metric they would get a further $1.08 billion.
 
So you sell 75% of your land and obtain $1.125 billion, then attribute $0 value for any plant and infrastructure and $0 value for any production and cash flow. Market cap for the company is $94 million and net debt $831 million or a total EV of $925 million!
 
Or they got lucky with that sale, or that land has incredibly high prospects or valuation for these companies is absolutely stupid!
 

Bullboard Posts