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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 Cheadle12on Jul 29, 2021 7:32pm
204 Views
Post# 33630000

Give Mgmt. the benefit of the doubt..

Give Mgmt. the benefit of the doubt..

If I look at the targets for the year, yes they're on track.

Sure the report lacked a bit of sizzle, but that's ARC, it's always been a steady eddie conservative company (with the balance sheet to prove).
 

By YE they'll be at $1.5BN debt and have generated $1BN in FCF.   1x D/CF.  This is their target and yes, they are on track.

You can see they weren't keen on focusing on the dividends, but they threw in a 10% increase just as a sweetener.  Well done.

I think once D/CF is 1x (1BN) and we head into 2022 (5+ months away now) with $4 AECO & $72+ Condensate / Oil, ARX will really shine in terms of capital returns to shareholders.

aka dividend increases, small accretive M&A, share buybacks to reduce the float, all things they said they were going to do.

I plan to hold and see this through.

~The Great Cheadle.

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