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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 uncutgemson Aug 09, 2021 12:25pm
114 Views
Post# 33672206

arx more than doubled the share count

arx more than doubled the share countat one of the lowest prices of their stock in the last 25 years...to buy a company totally unrelated to ARXs assets at the time of purchase, with no land adjacenices. they also assumed $1.7b in debt, $875m of leases, and $2.2b of non cancelable contracts. they also gave up total control of the BOD.

Price of ARC common shares ($ per share) 7.86
ARC common shares issued to Seven Generations' shareholders (millions) 369.4
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