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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 Oct 26, 2021 3:21pm
255 Views
Post# 34051731

Natural gas liquids

Natural gas liquidsNatural gas liquids should make a nice little contribution to the Arc bottom line for several quarters as the little brother of condensate and gas. In Edmonton in the last 3 months propane, for example, has gone from about $0.25 U.S. per gallon to about $1.40 U.S.. The U.S. exports about 60% of its propane supply versus only about 15% of its natural gas. In Canada NG is the main home heating source but heating oil and other fuels including propane are used to heat another 1.4 million homes. A lot of homes which are off grid use propane to heat their homes and also to cook. No need to get panties in a twist over hedging. This is somewhat unfortunate but ancient unnews and overwhelmed by all the joyful tidings related to great prices for everything that Arc has to sell.
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