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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 Sep 09, 2021 1:50pm
204 Views
Post# 33834339

Energy prices

Energy pricesOctober Nymex Futures trading around $5 U.S. WTI oil price very sticky between $68-$70 U.S. In 2008 when gas prices last spiked  June 2008 Henry Hub price maxxed out around $12.80 U.S. In the following 14 months the price fell almost every single month until by August 2009 the price was around $2.90  In comparison to the June HH 2008 price, in 2008 dollars, $5.00, in 2021 dollars, doesn't seem so crazy high. The AECO spot for gas now around $3.50 Canadian is about 90 cents above last year at this time. Bottom line, this is a very good time for a low cost producer to ship gas to almost any delivery point on the grid. China is tapping its petroleum reserve, which seems to indicate they don't want the oil price to blow off short term. WTI $68-$70 U.S., condensate at high $80's Canadian. These are the good old days. Three weeks to nail down a very profitable Q3 and another nice little dividend bone.
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