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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 12, 2021 1:37pm
217 Views
Post# 33694826

Q3 results

Q3 resultsRoughly half of Q3 nailed down already. Average September Nymex Futures 50 day average is about $72 U.S. WTI., which is the benchmark for other liquids. NG prices, for the most part, still hanging around $4, with the Henry Hub, last time I looked, translating into about $5 Canadian. This should be a great quarter barring a complete collapse of all enegy prices, which looks very unlikely? Overseas demand for NG is great at prices so attractive to exporters that any possible surplus is being sopped up. Relax my friends, enjoy the nice little dividend and anticipate big debt paydowns and dividend increases down the road.
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