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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 Shaleguyon Apr 24, 2022 11:43pm
121 Views
Post# 34627993

RE:RE:RE:RE:RE:Share Buybacks

RE:RE:RE:RE:RE:Share BuybacksRiley. Well said. Now would be a very good time to increase production. As a pre-merger VIi shareholder you know that in March of 2020 VIi reduced spending in a $40 dollar WTI and $2.50 per MCF environment to $650 million to keep production flat at 180,000 boepd. Prior to that they investing about $1 billion for DCET to maintain 220,000 boepd. They had reduced D and C to. 6.5 million per well. These costs are achievable now I'll run some payouts in another post at current prices shortly. To make a current war analogy, ARX management are like the Russians ... We have a plan and damn it we are sticking to it. Please note in no way am I implying anything sinister. I just mean we are now in an energy super cycle not a COVID environment. As I said before, the oil problem and Russian sanctions are not going away until Ukraine is paid by Russia to rebuild. And yes I am Ukrainian. SLAVA Ukraina! Glory to Ukraine.
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