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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 Jul 06, 2021 9:42am
95 Views
Post# 33498314

Attachie is of More Concern then Shareholders

Attachie is of More Concern then Shareholders

The word on the street is that internally Attachie is approved and it is despite the following facts.

Share holder dividend have been slashed to the bone.
They have not met their debt objectives yet. 
Attachie has an unknown and uncertain future under Treaty 8 concerns. 
They have 3/4 of a billion of infastrucutre idling 
They have 40,000 boe of half cycle economics production sidelined at Kakwa.

The deal will be approved in August, and it makes no sense and that Slasher CFO, will throw good money after bad.

ARC is more concerned about pursuing their pet projects, then returning capital and optimizing the half cycle production that exists today. Attachie approval will be announced in August.

IMHO
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