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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

Post by MyHoneyPoton Jun 10, 2021 11:38am
125 Views
Post# 33362580

What the VII Generations Deal done at the Board?

What the VII Generations Deal done at the Board?

I am wondering if the VII generations deal was done at the board level. 

The reason i ask that question is that is seems to me that Management is putting on ice the best assets, the most mature play, and the more economically viable play in the entire Montney, Kakwa and pursuing their old Arc resouces objectives. 

I really can't understand and have never witnessed it before, when a company puts their original share holder base in a miniority position, with a 1.108 share exchange deal. Then they put the asset they purchase on ice, complain about the declines, and say in a 70 plus dollar WTI commodity enviroment that their goal for the play is to improve 2% anually the declines. 

The goal for the play has nothing to do with optimizing share holder returns in 80+ dollar condensate world, or extend their leading position in condensate produciton? Did ARC not just drill 7/10 of the best wells in the montney? Is the montney not the best basin in all of North America?

It seems to me that management at ARC did not really want to buy VII Generations, or they are punishing VII Generations to show who is boss, or if they just want to pursue to own objectives and put the better part of the company on ice?

This baffles me...

IMHO
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