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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

Comment by uncutgemson Aug 09, 2021 1:42pm
99 Views
Post# 33672658

RE:RE:RE:RE:RE:this is not your Father's ARX resources.

RE:RE:RE:RE:RE:this is not your Father's ARX resources.I followed 7g for a long time. every quarter there were issues. every quarter there were complications. it was one thing after another. the faciliteis are complex. the transport is complex and expensive. all this to say this is why 7g basically went straight down after going public. They also overpaid for the Paramount Kakwa asset. 

I didn't work in the industry. but I pay attentiton to smart people who do. The smartest is on the record as never buying an asset in the Alberta Montney for his company Tourmaline. I would say he's bought 30 assets, prolly more. none in the alberta montney. It's complicated and expensive. Peyto was Unable to complete one Montney well they drilled in the gold creek area. They explored drilling there. ARX resources did not operate an asset like Kakwa before. I think you give them a lot of credit for understanding an asset like Kakwa, having never owned an assedt like that before.
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