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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 Aug 03, 2021 11:03am
149 Views
Post# 33642242

Q3 outlook

Q3 outlookDay by day Arc is locking in a blockbuster Q3. Henry Hub gas price is still around $4 U.S., ie $5 Canadian approximately. Nymex futures are unusually similar all the way out to March 2022, around $4 U.S. With break even around $1.75 Canadian Arc is really beating down its debt and will probably exceed the $270 million they paid down in Q2. Correct me if I'm wrong. Looks like several quarters of great results but the market doesn't care. There might possibly be another small goose to the dividend before year end if futures prices and their hedges give them the confidence.
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