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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 Farmer12on Jul 25, 2021 1:52pm
249 Views
Post# 33602156

Land of milk and honey

Land of milk and honeyManagement are very generous to themselves. If the current price trend continues there will be enough honey for all of us. Nymex futures are over $4 all the way out to February, inclusive. The peak price month, so far, is January 2022 at $4.24 approximately. For the unhedged portion of Arc production, if this trend continues, price increases will go straight to the bottom line. Even later months are being slowly pulled higher. It is very hard to predict a top in a market, or a bottom for that matter. Arc could, where they have the room, hedge out further at very attractive prices. Current AECO Spot and Dawn prices, if I remember correctly, are more than twice as high as last year at this time, ie from about $2 to about $4. Check it out. Arc is printing money. Rejoice and be exceeding glad, my friends. Frolic about and enjoy this happy day!
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