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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 Farmer12on Aug 13, 2021 1:03pm
106 Views
Post# 33701244

RE:RE:RE:RE:RE:Q3 results

RE:RE:RE:RE:RE:Q3 resultsThe dividend will shortly be .066 per quarter or .022 per month. Back around 2006, 2007, 2008 the dividend was .20 cents PER MONTH. Correct if I'm wrong. I'm not suggesting this can or will happen again because Arc is much bigger, more conservative, with many more shares to teat feed. However if the dividend went up by 10 or 20%, I would not be grumpy about it. Money is rolling in now by the wheelbarrow, but hedging is key to being able to maintain a higher dividend when prices go lower again, as they will, particularly the NG. I read somewhere that the price of NG in northeast Asia was somewhere around 14.50 U.S. per MMBTU and around $12.50 U.S. in parts of Europe. Cheniere is ramping up another train for 2022 and U.S. NG exports will then be around 11.9 billion CF per day, if I understand correctly. As a "bridge" fuel, gas use will increase, possibly double, in the next 20 years.
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