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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 rusty777on Jun 17, 2021 10:48am
119 Views
Post# 33401731

oil down 0.2% and the Oil companies tumble by a factor of 10

oil down 0.2% and the Oil companies tumble by a factor of 10Interesting how a small drop in oil prices creats a cascade within the oil sector.  Most Oils are off between 2 and 3 % with a miniscule drop in the price of WTI....me thinks the shorts are at it again causing a cascade of stop-loss orders to be triggered.

Sure would love to see the Canadian regulators put a stop to naked shorting - then we might see a return to some sort of reasonable valuation of companies based upon value rather than who has the deepest pockets.

It will be interesting to see what happens to oil over the next few days

GLTA (Longs)

Rusty
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